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ECT

ISDS in Nigeria: Investment regime reforms and the threats of joining the ECT
3-Oct-2022 TNI
This report sheds light on Nigeria’s investment protection regime and its consequences for one of Africa’s biggest countries.
Newly released text for modernized Energy Charter Treaty shows too many potential obstacles for climate action
15-Sep-2022 IISD
The text of the agreement in principle to modernize the Energy Charter Treaty leaves unanswered too many crucial questions about the possibility of further fossil fuel carveouts and the exact timing of its entry into force.
The not-so-hidden cost to “mega” energy deals : the Energy Charter Treaty (ECT) in East Africa (in conversation with Olivia Costa and Brenda Akankunda)
14-Sep-2022 State of Power
The ECT Secretariat, whose survival depends on continuation of the treaty, continues to lobby these countries to take additional steps towards acceding to the Energy Charter Treaty.
Poland drafts law to ‘terminate’ controversial Energy Charter Treaty
2-Sep-2022 Euractiv
The draft law on the “termination of the of the Energy Charter Treaty” and its protocols was agreed by the Polish government on 10 August and sent to the country’s lower chamber.
Why can Ascent Resources demand half a billion euros from Slovenia?
22-Aug-2022 Slovenia Posts English
Ascent Resources initiated an arbitration dispute in which it is demanding half a billion euros due to Slovenia’s request that an environmental impact assessment should be carried out before fracking in Petišovci.
ECT: “ecocide” treaty puts Member States and EU Commission at odds
27-Jul-2022 Investigate Europe
European governments are still considering withdrawal from the Energy Charter Treaty, despite the EU Commission’s efforts to modernise the controversial pact, documents leaked to Investigate Europe reveal.
Germany bails out Uniper with multi-billion euro package
26-Jul-2022 Energy Voice
Germany has agreed to buy a stake in Uniper. The deal is subject to Uniper withdrawing a lawsuit against the Netherlands in connection with the Energy Charter Treaty.
Fossil fuel investment protection – it’s time for actions to speak louder than words
7-Jul-2022 Daily Maverick
Political leaders and companies who are major contributors to climate change have expressed increasing commitment to playing a role in addressing climate change, but there appears to be a gap between these sentiments and negotiations...
Nigeria eyes global energy charter for investments
7-Jul-2022 Daily Trust
Nigeria is targeting to be part of the International Energy Charter (IEC), a global community that will enable it to attract Foreign Direct Investments (FDI) to accelerate power sector development.
Croatia loses international arbitration against Hungary’s MOL over gas business
7-Jul-2022 Euractiv
Croatia has lost an international arbitration case launched by Hungarian oil and gas group MOL over Zagreb’s failure to fulfil obligations under an agreement about the gas business of the jointly owned Croatian oil company INA.
Energy treaty update fails to address climate crisis, activists say
27-Jun-2022 The Guardian
1994 agreement allows investors to sue governments for changes in energy policy that harm their profits.
Energy Charter Treaty modernisation text summary (Jun 2022)
27-Jun-2022 Energy Charter
Young people go to European court to stop treaty that aids fossil fuel investors
21-Jun-2022 The Guardian
Five claimants aged 17-31 want their governments to exit the energy charter treaty, which compensates oil and gas firms.
Big oil is suing countries to block climate action
9-Jun-2022 The Lever
Oil and gas investors are using investor-state dispute settlement to successfully argue that climate policies are cutting into their profits.
UK-wide protests over £11bn legal threat to climate goals
23-May-2022 Global Justice Now
UK government urged to exit controversial Energy Charter Treaty, dubbed ‘the fossil fuel industry’s secret weapon’.
A protest is taking place in Salisbury city centre today
19-May-2022 Salisbury Journal
Protestors will be gathering to march to the Rockhopper Exploration headquarters. The company is suing the Italian government for £236 million due to its refusal to allow oil drilling off the Adriatic Coast.
The danger of corporate courts to green transition
19-May-2022 Brig Newspaper
Global Justice Stirling is holding a rally against corporate courts in front of Buchanan Galleries in Glasgow.
Europe edging closer to withdrawal from Energy Charter Treaty
17-May-2022 Euractiv
More European Union countries have shown signs of impatience with the ongoing reform of the Energy Charter Treaty, which critics say impedes efforts to phase out fossil fuels, according to leaked diplomatic cables.
How treaties protecting fossil fuel investors could jeopardize global efforts to save the climate – and cost countries billions
6-May-2022 The Conversation
We estimate that countries would face up to $340 billion in legal and financial risks for canceling fossil fuel projects that are subject to treaties with ISDS clauses.
Serving of notice of dispute
5-May-2022 Ascent Resources
Amendments to the mining law in Slovenia which prohibit the use of any hydraulic stimulation in mining exploitation constitute further breaches of the protections established by the BIT and the ECT.