On the authority to exercise jurisdiction over investor-owned Carbon Majors to determine whether they have breached their responsibility to respect human rights, the Guiding Principles on Business and Human Rights (Guiding Principles)24 recognizes that corporations have a responsibility to respect human rights which arises from a “global standard of expected conduct applicable to all businesses in all situations.”25 The commentary under Principle 11 states: The responsibility to respect human rights is a global standard of expected conduct for all business enterprises wherever they operate. It exists independently of States’ abilities and/or willingness to fulfil their own human rights obligations, and does not diminish those obligations. And it exists over and above compliance with national laws and regulations protecting human rights.26 The Human Rights Council unanimously endorsed the Guiding Principles in its resolution 17/4 of 16 June 2011.27 According to the Guiding Principles, corporations bear a responsibility to respect human rights,28 and “[s]tates should set out clearly the expectation that all business enterprises domiciled in their territory and/or jurisdiction respect human rights throughout their operations.”29 States have obligations with respect to human rights, both within their territories and extraterritorially, based on international law. Specifically, states have extraterritorial obligations (ETOs) to respect, protect and fulfil human rights abroad. The Maastricht Principles on Extraterritorial Obligations of States in the Area of Economic, Social, and Cultural Rights provide guidance and legal grounds for the effective implementation of ETOs.30 With respect to                                                                                                                         24 United Nations Human Rights Council, Report of the Special Representative of the Secretary General on the Issue of Human Rights and Transnational Corporations and Other Business Enterprises, Seventeenth Session, Mar. 21, 2011. Available at: http://www.ohchr.org/documents/issues/business/A.HRC.17.31.pdf. [hereinafter Guiding Principles]. 25 United Nations-Office of the UN High Commissioner, The Corporate Responsibility to Respect Human Rights: An Interpretive Guide, 2012 at 13-14. Available at http://www.ohchr.org/Documents/Publications/HR.PUB.12.2_En.pdf [hereinafter Interpretive Guide]. 26 Guiding Principles, supra note 24, at ¶ 11. 27 United Nations Human Rights Council, Resolution Adopted by the Human Rights Council: 17/4 Human Rights and Transnational Corporations and Other Business Enterprises, Seventeenth Session, July 06, 2011. Available at http://ap.ohchr.org/documents/dpage_e.aspx?si=A/HRC/RES/17/4. 28 Guiding Principles, supra note 24, intro ¶ 6. 29 Guiding Principles, supra note 24, ¶ 2. 30 Maastricht Principles on Extraterritorial Obligations of States in the Area of Economic, Social and Cultural Rights, 29 NETH. Q. HUMAN RIGHTS 578 (2011). Available at http://www.maastrichtuniversity.nl/web/Institutes/MaastrichtCentreForHumanRights/MaastrichtETO Principles.htm [hereinafter Maastricht Principles]. In 2011, a group of international legal experts developed the Maastricht Principles on the Extraterritorial Obligations of States in the Area of Economic, Social and Cultural Rights. According to the Center for International Environmental law: “The Maastricht Principles are premised on the global and universal nature of human rights and the notion that human rights are owed erga omnes to the international community as a whole. However, the Principles do not create new legal norms. Rather, they articulate the current state of international law regarding ETOs, reflecting many of the conclusions drawn by international tribunals, U.N. treaty bodies, and Special Procedures. In particular, the Maastricht Principles provide a basis for conceptualizing the application and implementation of ETOs in order to secure more effective protection of human rights from thirdparty violations.” Center for International Environmental Law, Written Statement to Open-ended Intergovernmental               9  

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