ISDS Case Map
ECT
Energy Charter Treaty
Portugal’s Environment Minister Duarte Cordeiro annouced that the country has started withdrawing from the Energy Charter Treaty, in line with a proposal tabled by the European Commission two weeks ago.
The latest development was a decision on 11 July to lift a provisional stay of enforcement.
We call on you to support the Commission’s proposal for a coordinated
withdrawal of the EU and all its member states from the Energy Charter Treaty and
welcome a discussion of the ECT among energy ministers.
Climate Change Committee recommends leaving energy charter treaty, which critics say is ‘weaponised’ by fossil fuel firms.
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.
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, an international energy firm, filed a lawsuit against Tunisia on Wednesday, claiming financial damages of at least $48 million.
Spain has lost a bid to claim immunity in a London court in a 120 million-euro ($129 million) case over cuts to renewable energy incentives.
Given Lansdowne is a UK domiciled company it expects to pursue its claim in international arbitration pursuant to the investment protection regime established under the Energy Charter Treaty.
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.
