Modernizing the Energy Charter Treaty - EU wants to stop investment protection for fossil fuels
Energy and Climate Law
NOVEMBER 2, 2020
For almost two year now the Energy Charter Treaty (ECT) is under revision and negotiations shall finish in 2021. The EU now ratched up its position on the reform of the ECT during recent negotiation rounds. The aim of the EU is to try to stop fossil fuel companies suing states over climate action. This shall, according to a leaked document, be pursuit by fundamental changes to the investment chapter and to the Investor State Dispute Settlement MEchanism of the ECT (ISDS).
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