International Responsibility Foreign Investors with respect to the Environment

Subject Areas : environmental low

Mojtaba  Ansarian ¹ (Ph.D. in International Law, Assistant Professor Payame Noor University, Tehran Iran. *(Corresponding Author))
shirin  shiraziam ² (Assistant Professor, Faculty of Natural Resources and Environment, Department of Environmental Law, University of Science and Research, Islamic Azad University, Tehran, Iran.)

Received: 2018-05-23 Accepted : 2021-05-29 Published : 2021-12-22

Keywords: International Environmental law, International Responsibility, Transnational Corporations, Foreign investment,

Abstract :

The domain of investment law and environmental law is similar. In fact, if there is not environment and its components insist of air, soil and water there will not be any investment, production, accumulation of capital and consumption. Therefore, everyone with every role should act in the process of maintaining and upbringing the environment, in which the role of the prominent investors is highlighted. Today, it has been specified by all countries that their entry into the competitive international trade market and the promotion of the welfare of society and security in all its dimensions require the attraction of foreign investment.Many countries that want to attract more and more capital into their country are adopting laws which encourages investors to be present in that country, on the other hand, will end the environment in the long run. Transnational corporations also tend to invest in country that are more environmentally easier. In the meantime, it should be seen with a prospect that the only major inflow of capital would not be generating public benefit but the presence of capital with proper and management consumption and the protection of the environment, which fulfills national and global interests.The question of present research is how can besides governments and international organizations, be considered internationally responsibility such as foreign investors in the event of environmental degradation. It is assumed that in the event of environmental degradation, even the consent country investable would be an international liability to investor. 

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