ECT

Energy Charter Treaty

Activists rejoice as Berlin announces exit from controversial energy treaty
The German government has announced its intention to withdraw from the Energy Charter Treaty, following similar decisions in other large EU countries, which left activists jubilant.
German parties agree to ratify CETA, quit energy charter
Germany's ruling coalition parties have agreed a raft of new trade policy measures, including quitting the Energy Charter Treaty and ratifying the CETA agreement.
A little threat from my friends: An EU-based company contemplates taking war-torn Ukraine to investment arbitration
The Bureau of Economic Security of Ukraine (ESBU) seized the assets of one of Ukraine’s largest fuel retailers, AMIC Ukraine, the local subsidiary of AMIC Energy, an Austrian private equity firm.
ECT modernisation perspectives: unpacking the impact of the revised ECT text on dispute resolution
This article focuses on the implications of the revised text for dispute resolution under the ECT. We address the environmental focus of the anticipated reforms and conciliation of State-to-State disputes relating to sustainable development and climate change.
Brussels pleads with countries to stay in the Energy Charter Treaty
EU countries are voting with their feet, quitting the investor protection pact despite the EU’s efforts to reform it – but the European Commission warns it will be worse to be outside than in.
Latvia goes to arbitration over energy disagreement
A company registered in Switzerland, RSE Holding AG, has initiated an international arbitration proceeding against Latvia claiming that changes effected to the regulatory framework applicable to electricity produced in high-efficiency cogeneration are in breach of European rules.
Romania loses arbitration versus investors in solar power
A tribunal operating under the World Bank has ruled in favor of ten companies that initiated arbitration with the argument that Romania violated the Energy Charter Treaty by lowering incentives for their solar power plants.
France becomes latest country to leave controversial energy charter treaty
Quitting the ECT, which protects fossil fuel investors from policy changes that might threaten their profits, was ‘coherent’ with Paris climate deal, Macron said.
CSOs warn Nigeria against acceding to the Energy Charter Treaty
Signing the ECT would give the transnational companies in the energy sector a weapon to re-colonise Nigeria, as it would also be incompatible with Nigeria’s economic diversification aspirations.
Dutch to leave Energy Charter Treaty because of climate change conflict
The Netherlands is leaving a controversial energy treaty because it conflicts with Paris climate accord commitments, energy minister Rob Jetten said