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People vs Profit: PBS Explores NAFTA Provision
"Trading Democracy," a Bill Moyers report coming up on PBS, explores a reprehensible provision of NAFTA that allows companies to sue governments for millions when laws protecting people's welfare stand in the way of profit. The same provision is part of the pending 34-country FTAA agreement.
For instance, when California banned a gasoline additive that poisoned the state's drinking water, a Canadian firm sued the United States for a billion dollars in potential lost profits. In Mexico, when a town council stopped the American company Metalclad from reopening a toxic waste dump, the firm won $16 million in compensation.
The show is scheduled to premiere Feb. 5 at 10 p.m. in most areas. Viewers should check local listings.
For instance, when California banned a gasoline additive that poisoned the state's drinking water, a Canadian firm sued the United States for a billion dollars in potential lost profits. In Mexico, when a town council stopped the American company Metalclad from reopening a toxic waste dump, the firm won $16 million in compensation.
The show is scheduled to premiere Feb. 5 at 10 p.m. in most areas. Viewers should check local listings.