There are a lot of hidden trip wires on the road to a greener economy. One of the biggest is the network of investor protections through which companies can sue states for enacting policies that render their investments—for example, their fossil fuel investments—worthless. And right now, the American Petroleum Institute (API) is offering an object lesson in how that could work going forward, voicing its strong disapproval for Mexican energy policy and a not-so-thinly-veiled threat. Under the U.S.-Mexico-Canada-Trade Agreement (USMCA), drafted under the Trump administration to replace the prior North American Free Trade Agreement (NAFTA), controversial Investor-State Dispute settlement (ISDS)
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