Environmental organisations have hailed a court decision that could mean the end of a little-known legal mechanism that poses a massive threat to climate action.
Kazakhstan has welcomed what it calls an opportunity for an independent arbitral tribunal to carry out “a free and fair review of the Statis’ fraud”.
Governments must urgently terminate all international investment treaties in force, in particular the Energy Charter Treaty, and stop negotiating new ones.
Slovenian environmental NGOs have called on infrastructure minister Jernej Vrtovec to use the country’s EU presidency to propose a political discussion on the bloc exiting the Energy Charter Treaty.
Spanish Solar demands compensation from the Spanish Government for having cut the premiums for the use of energy once the investments have been made.
The Permanent Court of Arbitration ruled that Russia illegally expropriated loans provided by Yukos Capital Sarl to its former parent company.
Secretive tribunals allow fossil fuel companies to sue governments for passing laws to protect environment.
Little progress has been made to modernise a controversial agreement on energy investments that activists warn could derail decarbonisation efforts in Europe and across the globe, according to leaked documents.
More than 400 are calling on political leaders across all European countries to prioritise climate policies, to stick to their climate commitments, and therefore to initiate withdrawal from the Energy Charter Treaty by COP26.
Nigerian labour unions and civil society organizations have urged the government not to assent to the ECT, explaining that the Treaty contains provisions for an Investor-State Dispute System (ISDS), which accords investors obscene privileges.
It’s time to reconsider investor-state dispute settlement; inaction risks rising costs of shifting from fossil fuels to green alternatives.
This obscure treaty from the 1990s grants sweeping rights and protections to big energy investors – mainly fossil fuel companies.
German energy company Uniper has confirmed its intention to sue the Dutch government over the country’s planned coal phase-out.
Energy conglomerates have recourse to special courts and legal regimes that they helped design – and they won’t go down without a fight.
The British company pursues its investment treaty claim under the UK-Slovenia bilateral investment treaty and the Energy Charter Treaty.
How investment treaties and investor-to-state dispute settlement grant foreign investors greater rights than Dutch and EU law.
To realise a future beyond fossil fuels, it is imperative to look at how to disentangle the legal shackles that enable companies to frustrate climate policy and shift the burden of their stranded assets onto the shoulders of taxpayers through arbitration claims.
Vattenfall will get 1.606 billion euros and agreed to end pursuing a separate damages claim in the World Bank’s ICSID arbitration tribunal.
Joining the Energy Charter Treaty is not in the public interest, according to South Africa’s government. It has also cancelled other agreements that allowed foreign investors to sue their state. This has not stopped investors from coming, says Mustaqeem de Gama.
Sign the petition to pull out of the Energy Charter Treaty and stop its expansion to other countries!