Portside

The history of African relations and investment governance with the North is far more disadvantageous than in the case of trade. Current international investment law regime protects and promotes the interests of the capital-exporting countries.

The financial infrastructure of the new economy is under-developed. Waiting for Wall Street to deliver the financial instruments we need for a sustainable economy is like waiting for Exxon to build the renewable energy system we need to avert climate catastrophe. It is not going to happen. The movement needs to be equally focused on moving capital out of fossil fuels and into the new economy as it is readying the economy to absorb this new flow of capital.