ISDS Case Map
energy
oil, gas, agrofuels
From March 1 to 4, 2022, ECT parties met for their 11th round of negotiations for a possible reform of the treaty but the meeting was overshadowed by rising energy prices and the Russian invasion of Ukraine.
Environmentalists and energy experts have been warning for years over an obscure trade deal that could lock Europe into decades of fossil fuel use.
Existing investment treaties do not and cannot advance climate goals.
It now says legislators are amending Slovenia's mining law to further restrict "all forms of hydraulic stimulation", and this could increase damages it is due under its arbitration claim.
In 2021-22, Climate Change Counsel conducted a study of arbitral awards rendered under the Energy Charter Treaty (ECT).
Recent reforms in the French solar energy market mean that investors need to take action to protect their investments.
From a climate perspective, the expected reform outcome is a failure. No Contracting Party will end investment protection for fossil fuels in a timeline that is necessary to align with the Paris Agreement.
Governments need to repair the incoherence between climate objectives and the emissions-intensive trajectory of the global economy.
The German government has been worried about being sued by the fossil fuel companies behind the Russian gas pipeline under the Energy Charter Treaty.
The company, which is now known as Capricorn Energy PLC, in a statement said it has received "net proceeds of $1.06 billion", of which nearly 70 per cent will be returned to the shareholders.
