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ECT


Outrage as Italy faces multimillion pound damages to UK oil firm
Secretive tribunals allow fossil fuel companies to sue governments for passing laws to protect environment.
Leaked diplomatic cables show ‘limited progress’ in Energy Charter Treaty reform talks
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 civil society organisations say: Leave the ECT by COP26
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 govt asked not to ascent to Energy Charter Treaty
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.
We need to rethink investment treaties to ensure a rapid and just energy transition
It’s time to reconsider investor-state dispute settlement; inaction risks rising costs of shifting from fossil fuels to green alternatives.
Stop the Energy Charter Treaty
This obscure treaty from the 1990s grants sweeping rights and protections to big energy investors – mainly fossil fuel companies.
Energy Charter Treaty strikes again as Uniper sues Netherlands over coal phase-out
German energy company Uniper has confirmed its intention to sue the Dutch government over the country’s planned coal phase-out.
Oil companies don’t deserve reparations for fossil fuel bans. They’ll still want them
Energy conglomerates have recourse to special courts and legal regimes that they helped design – and they won’t go down without a fight.
Ascent Resources starts arbitration process against Slovenia, claims over €100mn damages
The British company pursues its investment treaty claim under the UK-Slovenia bilateral investment treaty and the Energy Charter Treaty.
“Super-protections” for corporations
How investment treaties and investor-to-state dispute settlement grant foreign investors greater rights than Dutch and EU law.
Shell’s legal weapon to threaten a just energy future
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.
Germany to pay nuclear operators 2.6 billion euros for plant closures
Vattenfall will get 1.606 billion euros and agreed to end pursuing a separate damages claim in the World Bank’s ICSID arbitration tribunal.
Mustaqeem de Gama, South African Mission in Geneva: “It is a bad idea for any African country to consider signing the Energy Charter Treaty”
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.
Take action to end the climate-killing Energy Charter Treaty
Sign the petition to pull out of the Energy Charter Treaty and stop its expansion to other countries!
How Energy Treaty ’shadow’ courts prolong EU’s fossil age
The treaty enables companies to claim billions in compensation from states in front of international arbitration tribunals, if they feel unfairly treated by the states’ energy or climate policies.
Join the movement and sign the petition to #EndFossilProtection
A petition to ensure the Energy Charter Treaty will no longer be used against EU climate and energy policies is now available for supporters on the European Parliament website.
EU readies reforms to energy treaty as climate criticisms mount
Some governments have said the bloc should consider quitting the agreement because the treaty could threaten climate goals.
France puts EU withdrawal from Energy Charter Treaty on the table
The European Union and its member states should draw the consequences of the current stalemate in multilateral talks aimed at reforming the Energy Charter Treaty and consider a coordinated withdrawal, Paris has said
German energy giant RWE uses the Energy Charter Treaty to attack Dutch climate action
RWE has filed an arbitration claim against the Netherlands, seeking compensation for the Dutch decision to phase-out electricity production from coal by 2030.
Energy Charter Treaty reform reaches milestone, with little progress to show
A two-day conference of the 54 parties to the Energy Charter Treaty will attempt to move forward in reforming the little-known charter, decried by environmentalists for protecting fossil fuel investments and blocking international efforts to curb global warming.