Jun 28, 2017
By Michael Kramer
Canada can safely claim the title of “biggest loser” – in terms of lawsuits over The North American Free Trade Agreement.
Since 1994 when the agreement came into force – Canada has been sued 39 times by foreign companies – claiming Canadian policies have violated their rights under NAFTA.
Canada has lost or settled eight cases – and shelled out more than $215 million in compensation – while America still hasn’t lost a single case – or paid out a cent in compensation.
Approximately 60 per cent of the challenges aimed at Canada have targeted environmental regulations or resource management policies – including provincial regulations on oil and gas development and wind farms.
The latest numbers were compiled by Scott Sinclair – a senior research fellow with the Canadian Centre for Policy Alternatives.