Secretive court system has awarded over $100bn public money to corporations, finds new analysis

More than $100bn of public money has been awarded to private investors in investor-state dispute settlement (ISDS) courts, according to the most comprehensive analysis yet. The controversial arbitration system which allows corporations to sue governments for compensation over decisions they argue affect their profits is largely carried out behind closed doors, with some judgments kept secret. But, according to a global ISDS tracker which launches today, $114bn has so far been paid out of the public purse to investors - about as much as rich nations provided in climate aid in 2022. Fossil fuel companies have been by far the…