ISDS Case Map
ECT
Energy Charter Treaty
In a significant step forward in the campaign against Investor-State Dispute Settlements (ISDS), Australia has announced its withdrawal from its signatory status to the Energy Charter Treaty.
The Dutch supreme court overturned an order for Russia to pay $50 billion to former shareholders in dismantled oil giant Yukos, but shunted the lengthy legal saga back to a lower court for more hearings.
Treaty allows energy corporations to sue governments for billions over policies that could hurt their profits.
Coal plant owners are using this little-known mechanism to try and recoup billions from governments who are forcing them to shut down polluting plants
Courts allow big polluters to sue governments into “a state of climate paralysis”, campaigners say.
Environmental organisations have hailed a court decision that could mean the end of a little-known legal mechanism that poses a massive threat to climate action.
Kazakhstan has welcomed what it calls an opportunity for an independent arbitral tribunal to carry out “a free and fair review of the Statis’ fraud”.
Governments must urgently terminate all international investment treaties in force, in particular the Energy Charter Treaty, and stop negotiating new ones.
Slovenian environmental NGOs have called on infrastructure minister Jernej Vrtovec to use the country’s EU presidency to propose a political discussion on the bloc exiting the Energy Charter Treaty.
Spanish Solar demands compensation from the Spanish Government for having cut the premiums for the use of energy once the investments have been made.
