During the COP30 climate summit, Colombia's Environment Minister Irene Vélez Torres condemned international arbitration tribunals, particularly the investor-state dispute settlement system (ISDS). She argued that these mechanisms favor corporate interests and hinder countries from implementing necessary environmental policies. Vélez pointed out that nations face significant penalties for banning or regulating extractive industries, which are often detrimental to the environment. This system has led to numerous lawsuits against countries for enforcing climate measures. Vélez called for a global dialogue to reform these rules in alignment with climate justice and human rights. The ISDS has awarded over $100 billion to fossil fuel and mining industries, creating a financial risk for countries like Colombia that depend on these sectors. The minister's remarks highlight the urgent need for change in international trade laws to support sustainable development.