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EU tables Energy Charter Treaty exit, citing climate concerns
10-Jul-2023 Euractiv
The European Commission proposed that EU countries jointly quit an international treaty that has been criticised for blocking efforts to fight climate change because its protection of energy investments extends to fossil fuels.
EU to propose exit from Energy Charter Treaty over climate concerns
30-Jun-2023 Reuters
The European Commission is readying a proposal for EU countries to jointly quit an international energy treaty, after some governments already pledged to leave over climate concerns.
Zenith Energy Ltd launches legal proceedings against Tunisia, seeking compensation of $48 Million
12-Jun-2023 BNN
Zenith Energy Ltd, an international energy firm, filed a lawsuit against Tunisia on Wednesday, claiming financial damages of at least $48 million.
EU mulls partial exit from energy treaty over climate concerns
9-May-2023 Reuters
The European Union is considering a proposal to quit an international energy treaty that has become mired in climate change concerns, but leave an option for individual countries to stay in an updated version of the accord, a document showed.
The ‘climate killing’ clauses helping companies sue governments for climate action
3-May-2023 Yorkshire Bylines
If you’ve never heard of ISDS (investor-state dispute settlement) that’s not surprising. ISDS operates in the shadows. It’s a mechanism for solving disputes between parties in cases of foreign direct investment while offering legal protections for the investor. The investment is typically provided by a private company to a foreign ‘host state’.
A US fund declares Spain in “technical default” and claims almost 1,000 million government bonds
28-Apr-2023 Time.News
The US fund Blasket Renewable Investments has activated the “default” clause that declares Spain at “technical impact” after the Government has not yet paid the pending awards for the cuts in the premiums for renewables.
Spain tells World Bank it will not pay €2-billion ICSID awards for renewable energy debts
28-Apr-2023 Capital Madrid
The World Bank has sent a de­vas­ta­ting letter to the Spanish go­vern­ment to de­mand pay­ment of the awards that con­demn our country to com­pen­sate the in­ves­tors af­fected by the re­tro­ac­tive with­drawal of the pre­miums granted to re­ne­wable ener­gies.
Denmark to withdraw from Energy Charter Treaty
14-Apr-2023 Euractiv
Denmark will withdraw from the Energy Charter Treaty as it creates more uncertainties about investments than certainties, the Danish government announced.
The UK and EU must leave the Energy Charter Treaty together
10-Mar-2023 Open Democracy
We can’t be held hostage by a 1990s treaty that allows fossil fuel firms to sue governments.
Switzerland says won’t follow EU out of beleaguered Energy Charter Treaty
13-Feb-2023 Euractiv
Bern said it will not join the European Union’s proposed mass exit from a controversial energy investment protection treaty, sparking fears that fossil fuel companies will use Switzerland as a rear base to keep suing governments over climate action.
Spain sticks with decision to block Berkeley’s uranium mine
8-Feb-2023 Mining.com
Berkeley said it also believes the rejection is not legal as it infringed on its rights under an international agreement known as the Energy Charter Treaty.
Croatia to pay $256 million arbitration award to MOL - minister
3-Feb-2023 Reuters
Croatia will pay $255.7 million to Hungarian oil and gas company MOL under a ruling in an arbitration case at the International Centre for Settlement of Investment Disputes.
Why a coordinated withdrawal from the Energy Charter Treaty is inevitable
25-Jan-2023 Euractiv
Since October 2022, seven EU member states have announced plans to withdraw from the European Charter Treaty. Across the board, the message is clear: the insufficient and potentially climate-damaging treaty reform effort is no longer a politically viable option.
Polluter doesn’t pay: The Rockhopper v Italy award
23-Jan-2023 EJIL: Talk!
The way in which the reasoning of the Rockhopper award expels any environmental considerations has the effect of making climate change interventions considerably more costly
Greta Thunberg’s arrest shows why we must abolish the Energy Charter Treaty
23-Jan-2023 Open Democracy
The treaty allows fossil fuel companies to sue governments for taking climate change action. It must go.
CAB urges energy ministry for not signing Energy Charter Treaty
20-Jan-2023 The Daily Star
The Consumers Association of Bangladesh (CAB) submitted a petition, signed by 25,720 persons, urging the energy ministry for not signing the Energy Charter Treaty as the signing of the treaty will affect the public interest and the nation’s energy sector.
France officially leaves Energy Charter Treaty
3-Jan-2023 See
France confirmed the decision announced by Macron in October and notified the other signatories of the withdrawal, which will take effect on January 1, 2024.
The Energy Charter Treaty is on life support with little chance of revival
12-Dec-2022 Euractiv
After the withdrawal of eight EU member states, the European Commission has little prospect of reviving stalled talks to modernise the 1998 Energy Charter Treaty.
Arctic miner GreenX to pocket £740m in damages from Polish government
30-Nov-2022 City AM
Arctic miner GreenX to pocket £740m in damages from Polish government.
The 33rd meeting of the Energy Charter conference held under the chairmanship of Mongolia
25-Nov-2022 Energy Charter
The conference expects to meet ad hoc in April 2023 to finalise the discussion on the adoption of the amendments to the ECT.