{"id":7022,"date":"2016-08-10T09:16:23","date_gmt":"2016-08-10T14:16:23","guid":{"rendered":"https:\/\/iisd.org\/itn\/?p=7022"},"modified":"2024-08-09T18:27:02","modified_gmt":"2024-08-09T16:27:02","slug":"signing-away-sovereignty-how-investment-agreements-threaten-regulation-of-the-mining-industry-in-the-philippines","status":"publish","type":"post","link":"https:\/\/www.iisd.org\/itn\/2016\/08\/10\/signing-away-sovereignty-how-investment-agreements-threaten-regulation-of-the-mining-industry-in-the-philippines\/","title":{"rendered":"Signing Away Sovereignty: How Investment Agreements Threaten Regulation of the Mining Industry in the Philippines"},"content":{"rendered":"<p><em>By Cecilia Olivet, Jaybee Garganera, Farah Sevilla &amp; Joseph Purugganan, Published by Transnational Institute (TNI), May 2016<\/em><\/p>\n<p>Mining firms have been one of the main corporate sectors worldwide to take advantage of <span class='tooltipsall tooltipsincontent classtoolTips43'>ISDS<\/span> mechanisms to sue states for regulation of mining, having sued governments for a total of US$53 billion so far. The Philippines, one of five countries worldwide with the highest overall mineral reserves, has bet heavily on the mining industry as a development strategy, with 47 large-scale mines in operation and growing evidence of their social and environmental costs. This briefing argues that the country\u2019s ability to properly regulate or close polluting mines will be severely constrained by a network of investment treaties the Philippines has signed, which provide excessive protection for foreign investors. This legal straitjacket will become still tighter if the government goes ahead with the <span class='tooltipsall tooltipsincontent classtoolTips117'>EU<\/span>\u2013Philippines Free Trade Agreement and the Regional Comprehensive Economic Partnership (<span class='tooltipsall tooltipsincontent classtoolTips35'>RCEP<\/span>). Available at <a href=\"https:\/\/www.tni.org\/en\/publication\/signing-away-sovereignty\">https:\/\/www.tni.org\/en\/publication\/signing-away-sovereignty<\/a>.<!--more--><\/p>\n<script type=\"text\/javascript\"> toolTips('.classtoolTips35','Regional Comprehensive Economic Partnership<!--more-->'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips36','Partenariat \u00e9conomique r\u00e9gional global'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips37','Asociaci\u00f3n Econ\u00f3mica Integral Regional'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips43','investor\u2013state dispute settlement'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips58','soluci\u00f3n de controversias inversionista-Estado'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips67','Energy Charter Treaty'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips76','multilateral investment court'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips100','investissement direct \u00e9tranger'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips114','Sistema de Tribunales de Inversiones'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips116','European Commission'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips117','European Union'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips118','Union europ\u00e9enne'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips119','Uni\u00f3n Europea'); <\/script>","protected":false},"excerpt":{"rendered":"<p>This briefing argues that the country\u2019s ability to properly regulate or close polluting mines will be severely constrained by a network of investment treaties the Philippines has signed, which provide excessive protection for foreign investors.<script type=\"text\/javascript\"> toolTips('.classtoolTips67','Energy Charter Treaty'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips100','investissement direct \u00e9tranger'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips116','European Commission'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips118','Union europ\u00e9enne'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips119','Uni\u00f3n Europea'); <\/script><\/p>\n","protected":false},"author":1,"featured_media":15869,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[417],"tags":[],"class_list":["post-7022","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-resources"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/posts\/7022","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/comments?post=7022"}],"version-history":[{"count":0,"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/posts\/7022\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/media\/15869"}],"wp:attachment":[{"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/media?parent=7022"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/categories?post=7022"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/tags?post=7022"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}