EU ‘obstructing global regulation of corporations’

The European Union is obstructing efforts at the United Nations to develop a binding international treaty to regulate actions by multinational firms that threaten the environment, campaigners say

The European Union is obstructing efforts at the United Nations to develop a binding international treaty to regulate actions by transnational corporations (TNCs) that threaten the environment, campaigners have said.

Over 100 international campaign groups and social movements gathered in Geneva on Monday as the fourth session began of a UN intergovernmental working group mandated to develop a binding treaty to hold TNCs accountable for rights violations. Governments are negotiating a draft that was published in the summer, four years after the launch of the initiative.

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