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Nicholas Kusnetz
A case in point: When Ecuador placed a windfall tax on foreign oil operations, French and U.S. companies filed claims—and were awarded more than $800 million.
The industry has been pushing through policies devoting billions of dollars to the technology, and much more is likely to come with legislation pending before Congress.
International lawyers, environmentalists and a growing number of world leaders say “ecocide”—widespread destruction of the environment—would serve as a “moral red line” for the planet.
