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The Road to Decarbonization Is Littered With Dumb Lawsuits The USMCA, which replaced NAFTA, preserved fossil fuel companies right to sue any government that messed with their profits. JIM WATSON/AFP/Getty Images Presidents López Obrador and President Trump sign a joint declaration on a visit celebrating the USMCA. There are a lot of hidden trip wires on the road to a greener economy. One of the biggest is the network of investor protections through which companies can sue states for enacting policies that render their investments for example, their fossil fuel investments worthless. And right now, the American Petroleum Institute (API) is offering an object lesson in how that could work going forward, voicing its strong disapproval for Mexican energy policy and a not-so-thinly-veiled threat.

United statesKatherine taiRobert lighthizerEnergy charter treatyFinley resources incEuropean unionWorld trade organizationAmerican petroleum instituteMexico canada trade agreementNorth american free trade agreementInvestor state disputeNatural gas intelMexican president andrFinley resourcesWorld bankInternational centre