Ad
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...

Get EU news that matters

Back our independent journalism by becoming a supporting member

Already a member? Login here
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)

Tags

Ad

Related articles

Ad
Ad