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The decision puts an end to the controversial agreement that allowed companies to sue governments that pose a threat to their fossil-fuel investments. (Photo: Frans Berkelaar)

EU finally decides to exit controversial energy charter treaty

Amsterdam,

EU countries unanimously agreed on Thursday (30 May) to leave the Energy Charter Treaty (ECT), a long-standing international agreement that protects fossil-fuel investments. 

The treaty was designed in the 1990s to promote investment in fossil fuels in the former Soviet states — but it also allows oil and gas companies to sue governments for decisions tha...

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The decision puts an end to the controversial agreement that allowed companies to sue governments that pose a threat to their fossil-fuel investments. (Photo: Frans Berkelaar)

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