Wednesday, April 3, 2013

Obama's USA - European Union Free Trade Agreement - American Big Corporations challenging the Canadian Government on offshore oil drilling, hydraulic fracturing ("fracking"), rules for the use of pesticides and patents for company's medications

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Conspiracy Theory : Will Big International Corporations rule the World to erase Environmental Protections of Governments and earn money with patents for longer periods ?? - This seems a little crazy like a "Roswell Flying Saucer" or "Ancient Astronauts".

Internet is boiling with Crazy Conspiracy Theories of a World Order in which most people will be slaves. If the theories are false and absurd then this can be an attack against Free Trade, Economic Progress, and International Friendship and Understanding.

Will the little people of the World ( 99% ) be the slaves of the Super Rich Plutocrats ( 1% ) ??


Excerpts from the HuffPost :


The U.S. Chamber of Commerce has been advocating for a new trade deal between the U.S. and EU for more than a year, and President Barack Obama endorsed the project in his 2013 State of the Union address.

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But companies have grown increasingly ambitious in recent years, with major outfits including Exxon Mobil and Dow Chemical challenging Canadian rules that apply to offshore oil drilling, hydraulic fracturing ("fracking") and the use of pesticides. In December, drug giant Eli Lilly brought a NAFTA case against the Canadian government after it invalidated a patent for one of the company's medications.

"The Chapter 11 investor state arbitration mechanism provided for in NAFTA has been used more than 60 times since the treaty was signed," Eli Lilly spokesman Michael McDougall told HuffPost in a written statement. "Many trade treaties have dispute resolution and compensation mechanisms. We believe the current test for determining whether an invention is 'useful' under the patent statute in Canada has become deeply flawed, inconsistent with international norms and treaties, and needs correction."

Companies have won some of those rulings, but opponents of investor-state rules argue that the mere threat of an international case can be enough to dissuade governments from adopting or enforcing important rules.

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Huffington Post
Obama's EU Trade Deal Would Include New Political Powers For Corporations
By Zach Carter and Ryan Grim
April 3, 2013

Obama's EU Trade Deal Would Include New Political Powers For Corporations

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