Resources

 Modernisation of the Energy Charter Treaty: A Global Tragedy at a High Cost for Taxpayers

The Energy Charter Treaty (ECT) is a multilateral investment agreement solely dedicated to protecting foreign investments in energy supply. By January 2020, the Treaty has been ratified by 53 countries and the European Union/Euratom. Under the ECT regime, foreign investors can sue host States through arbitration tribunals, typically, composed of party-appointed private lawyers.

Publication type: 

 Modernisation of the Energy Charter Treaty: A Global Tragedy at a High Cost for Taxpayers

The Energy Charter Treaty (ECT) is a multilateral investment agreement solely dedicated to protecting foreign investments in energy supply. By January 2020, the Treaty has been ratified by 53 countries and the European Union/Euratom. Under the ECT regime, foreign investors can sue host States through arbitration tribunals, typically, composed of party-appointed private lawyers.

Publication type: 

 It’s time to scrap the Energy Charter Treaty

Yamina SAHEB

The EU taxpayer is the main loser from the continuation of the Energy Charter Treaty which locks Europe into carbon and energy injustice at a high cost to taxpayers.

 Europe’s Green Deal is under threat from Energy Charter Treaty

Yamina SAHEB

The EU and its member states should collectively withdraw from the Energy Charter Treaty, which protects fossil fuel investments, and go to the UN Climate Summit in New York with a call to develop a ‘Treaty for the Non-Proliferation of Fossil Fuels’, argues Yamina Saheb.

The Energy Charter Treaty (ECT) is a multilateral investment agreement which protects investments in the supply of energy. The ECT was signed and ratified by the EU and its Member States in the 1990’s.