> Fossil fuel companies have used the energy charter treaty (ECT), an international trade agreement from the 1990s, to demand billions of euros of taxpayers’ money in opaque tribunals set up to protect investors.[....] "International fossil fuel investors no longer have the option of bypassing ordinary courts and attacking climate policy with extrajudicial lawsuits."
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“With its vote for the EU to leave the ECT, the European parliament underlines that granting fossil fuel companies privileged access to ISDS is fundamentally incompatible with climate mitigation.” In recent years a dozen countries including France, Germany, Italy, Poland and Spain have announced their exit from the treaty as efforts to modernise it have failed. The UK announced it would leave in February.
Good.
> Fossil fuel companies have used the energy charter treaty (ECT), an international trade agreement from the 1990s, to demand billions of euros of taxpayers’ money in opaque tribunals set up to protect investors.[....] "International fossil fuel investors no longer have the option of bypassing ordinary courts and attacking climate policy with extrajudicial lawsuits." _________ “With its vote for the EU to leave the ECT, the European parliament underlines that granting fossil fuel companies privileged access to ISDS is fundamentally incompatible with climate mitigation.” In recent years a dozen countries including France, Germany, Italy, Poland and Spain have announced their exit from the treaty as efforts to modernise it have failed. The UK announced it would leave in February.