Meanwhile, troubled coastal cities around the world are taking note, says Bren Haase, head of planning for the Coastal Protection and Restoration Authority. With a playbook in place, Louisiana already boasts a 50-year, $50 billion plan to rebuild the state’s coasts, one that’s grounded in decades of data and science; it’s also being translated into several languages, including Vietnamese, Spanish and French, for other countries to reference. Flush with billions of dollars from the settlement in the catastrophic BP oil spill, the Coastal Master Plan could hold key clues for other places facing a similar fate in the future, says Haase, including flood-risk areas like New York, London, Singapore and Kiribati. Moreover, Louisiana’s coastal restoration sector is fueling high-tech projects like artificial oyster reef creation, advanced hydrologic modeling and geosynthetics, which will help shore up the state’s defenses against behemoth hurricanes and oil spills.
Bill Fulkerson on 19 May 20Yves here. So now it's clear: some companies and their law firm enablers see their right to profit, even in the face of the Covid-19 pandemic, as more important than human lives. This has been an underlying theme of investor-state dispute settlement suits (which we've written about extensively), but it's never been as crass as here. On top of everything else, these actions will deplete government coffers, adding to public distress. The only upside is this sort of thing should kill incorporating meaningful investor-state dispute settlement provisions into future trade deals.
