Canadian firms are using trade deals to 'bully' countries into weakening environmental rules, report says
In this file photo taken May 24, 2011, Peruvian protesters block a bridge connecting Peru and Bolivia in Desaguadero, Peru, to oppose to the Canadian-owned Santa Ana silver mining project they said would pollute nearby lakes and rivers.
Watch: America's"deep political divide" could spell trouble for the new North American free trade deal. Story continues below. Although this mechanism hasn't yet been used to stop climate-change policies like carbon pricing, it"could be a real threat to climate action," said Hadrian Mertins-Kirkwood, a senior researcher at the CCPA and co-author of the study.Investors profit from lawsuits
These lawsuits aren't tied to the markets, so investors see it as"a safe investment to protect against market volatility," he said.Over the past several decades, Canada has signed on to at least a dozen free trade deals with various countries or regions. It has also signed"foreign investment promotion and protection" agreements with at least 37 countries, including China and Russia.
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