abusesaffiliationarrow-downarrow-leftarrow-rightarrow-upattack-typeburgerchevron-downchevron-leftchevron-rightchevron-upClock iconclosedeletedevelopment-povertydiscriminationdollardownloademailenvironmentexternal-linkfacebookfiltergenderglobegroupshealthC4067174-3DD9-4B9E-AD64-284FDAAE6338@1xinformation-outlineinformationinstagraminvestment-trade-globalisationissueslabourlanguagesShapeCombined Shapeline, chart, up, arrow, graphLinkedInlocationmap-pinminusnewsorganisationotheroverviewpluspreviewArtboard 185profilerefreshIconnewssearchsecurityPathStock downStock steadyStock uptagticktooltiptwitteruniversalityweb
Article

7 Jul 2023

Author:
Kate Abnett, Reuters

EU proposes that members jointly exit from Energy Charter Treaty

'EU proposes Energy Charter Treaty exit after climate concerns', 7 July 2023

"The European Commission proposed on Friday 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 1998 Energy Charter Treaty allows energy companies to sue governments over policies that damage their investment and has in recent years been used to challenge policies that require fossil fuel plants to shut.

Its roughly 50 signatories include European Union countries.

"I proposed that the EU withdraws from the Energy Charter Treaty, because in its current, unmodernised version it is no longer in line with the EU's energy and climate goals," EU Energy Commissioner Kadri Simson said.

In its proposal to leave, the Commission, the EU executive, said the treaty had become "increasingly outdated", and its fossil fuel protections undermined the EU's plans to shift to cleaner energy sources to curb greenhouse gas emissions..."

Timeline

Privacy information

This site uses cookies and other web storage technologies. You can set your privacy choices below. Changes will take effect immediately.

For more information on our use of web storage, please refer to our Data Usage and Cookies Policy

Strictly necessary storage

ON
OFF

Necessary storage enables core site functionality. This site cannot function without it, so it can only be disabled by changing settings in your browser.

Analytics cookie

ON
OFF

When you access our website we use Google Analytics to collect information on your visit. Accepting this cookie will allow us to understand more details about your journey, and improve how we surface information. All analytics information is anonymous and we do not use it to identify you. Google provides a Google Analytics opt-out add on for all popular browsers.

Promotional cookies

ON
OFF

We share news and updates on business and human rights through third party platforms, including social media and search engines. These cookies help us to understand the performance of these promotions.

Your privacy choices for this site

This site uses cookies and other web storage technologies to enhance your experience beyond necessary core functionality.