ECT

Energy Charter Treaty

EU notifies exit from Energy Charter Treaty and puts an end to intra-EU arbitration proceedings
The EU has taken the final step to exit the Energy Charter Treaty; the Union and its Member States have also reached a formal agreement to put an end to the continuation of intra-EU arbitration proceedings under the ECT.
Russia’s President approves free trade agreement between EAEU, Iran
Russian President Vladimir Putin has approved a law ratifying the free trade agreement between the Eurasian Economic Union and Iran. The final stages of negotiations for the establishment of a free trade zone with Egypt and are also underway.
Intra-EU awards are still valid and enforceable outside the EU
Two recent decisions by the Swiss Federal Tribunal and the US Court of Appeal for the District of Columbia Circuit confirmed that international law does not offer arguments to contest either arbitral jurisdiction or the validity of arbitral awards in intra-EU investment cases.
Historic victory: Council gives green light for EU withdrawal from climate-wrecking Energy Charter Treaty
The Council of the EU adopted a historic decision to withdraw the European Union from the Energy Charter Treaty, an international investment treaty from the 1990s increasingly used by the fossil fuel industry to sue governments over their climate and energy policies.
Berkeley seeks $1 bln in damages from Spain over uranium mine dispute
Australian mining group Berkeley Energia filed a request for an arbitration to seek $1 billion in damages from the Spanish government after it refused to give final approval for its uranium mine project.
The tide is turning against the global court for corporations – ISDS
After a decade long struggle by PSI and affiliates against trade rules that put corporate profits before people, victory is in sight!
The global laws that help corporations block climate action
Companies have long used international treaties to try to prevent Global South countries from asserting economic sovereignty. In recent decades, corporations have used such laws to stymie European governments’ attempts to tackle the climate crisis.
Berkeley to take uranium mine dispute with Spain to arbitration
Australian mining group Berkeley Energia will take its dispute with Spain to international arbitration after the country refused to give final approval to a uranium mine near the city of Salamanca.
MEPs support exit from treaty allowing big oil to sue governments over climate action
In a decisive committee vote, MEPs have supported the European Union's exit from the Energy Charter Treaty over concerns its global investor-state dispute settlement system has been weaponised to sue governments over climate policy. Image d’illustration.
Trade and climate internationalism
Trade deals are used to extract valuable resources from the Global South - but a recent victory shows we can make a difference.