FIPA: Ignoring long-term in favour of short-term, again
This is a letter to the editor I wrote to a local newspaper, The Telegram.
Anyone who’s been keeping an eye on what Prime Minister Harper has been up to in Ottawa since receiving his majority may have had this realization: he needs to be monitored closely.
The most recent demonstration of this is his intent to pass FIPA, the Canada-China Foreign Investment Protection Agreement, without input from Canadian stakeholders, and without a vote or debate in Parliament.
The FIPA will allow giant Chinese corporations to spend billions buying out Canada’s natural resource companies, and will also allow them to sue Canadian governments at all levels should they do anything that limits the companies’ profits. These legal actions would occur in secret tribunals, outside the Canadian juidicial system.
If passed, the FIPA will be binding for 31 years, and will affect individual Canadians in several ways. For instance, Canadian taxpayers would ultimately be responsible for any damages won by Chinese corporations via the secret litigations. Job creation would also be at risk, since the corporations could challenge Canadian laws that promote it, as well as laws that protect our environment.
The FIPA is set to pass automatically on October 31st. This is not the way to avoid recession.