How Wealthy Corporations Use Investment Agreements to Extract Millions From Developing Countries

InsideClimate News
By By Nicholas Kusnetz, Katie SurmaJan 14, 2024, 5:00 am157 pts
A case in point: When Ecuador placed a windfall tax on foreign oil operations, French and U.S. companies filed claims—and were awarded more than $800 million. By Nicholas Kusnetz, Katie Surma QUITO, Ecuador—When Rafael Correa entered Ecuador’s presidency in 2007, the nation faced an opportunity and a…

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