Environmental activists are widely credited with (or condemned for) launching the opposition that finally led to the abandonment of negotiations for a Multilateral Agreement on Investment at eh OECD in late 1998. It took more than environmental opposition to stop the MAI in its tracks, but since then it has been accepted wisdom that environmentalists are opposed to an international investment agreement. This study takes a hard look at that assumption. Its first conclusion is that an international investment agreement should be a priority for those interested in the environment and sustainable development.
1. Introduction: The need for an international investment regime
2. Precursors of an international investment regime
3. Regimes, institutions and organizations
4. The nature of an international investment regime
5. Some issues for an investment regime that promotes sustainability
6. A different approach: A framework agreement on investment