Discover and read the best of Twitter Threads about #EnergyCharterTreaty

Most recents (11)

Politico Pro Europe @POLITICOEurope published the full text of the agreement in principle on the modernisation of the #EnergyCharterTreaty #ECT
politico.us8.list-manage.com/track/click?u=…
Most of changes already communicated by ECT press release of June 2022 (see energychartertreaty.org/modernisation-…) but some points worth noting:
1/8
I) flexibility mechanism for the fossil fuel carve out included in Annex NI, thus doesn't require follow path amendment procedure. Annex can be changed by ECT Conference decision, but for certain parts of annex NI a separate procedure for entry into force apparently foreseen 2/8
Read 9 tweets
🚨 BREAKING NEWS 🚨

UK oil and gas company Rockhopper has just successfully sued the Italian state for over €190 million plus (substantial) interest — over Italy's decision to protect its environment and its people by banning Rockhoppers' fracking project.

📺Here's how. 1/6
The case was made possible by the #EnergyCharterTreaty (ECT) which allows corporations to sue countries in secretive tribunals (ISDS) over policy decisions that affect their current, and projected future, profits. 2/6
The case came after the local community in Abruzzo, Italy, ran a successful grassroots campaign to stop the construction of Rockhopper’s planned oil rig off the coast, that would have devastated their homes and livelihoods. 3/6
Read 6 tweets
A new excellent article on
#EnergyCharterTreaty by P. Thiessen in the J. of Energy and Nat Res Law: tandfonline.com/doi/abs/10.108…
some interesting points:
(1) the ECT integrates sustainable development as a core principle but needs to be updated since the EU/UK have greater commitments (now is effectively done)
(2) criticism towards investment arbitration is not about ECT, and it has not been subject to the modernisation process nor in the mandate of the Energy Charter Conference, it only addressed compatibility with EU law (now done by exempting the EU from intra-EU investment cases)
Read 8 tweets
We're in a Climate & Ecological Crisis, Sixth Mass Extinction, a threat to us all. Fossil fuels, though they account for over 80% of carbon emissions produced by humans, continue to be widely used. That's massively destabilising our biosphere, yet our Parliament says/does nothing Image
Read 35 tweets
A short 🧵 to understand why @OlafScholz is unlikely to sanction 🇷🇺 through #NordStream2

1- If 🇩🇪 does not certify #NordStream2 it will be sued under the ecocide #EnergyCharterTreaty and ask for € billion of compensations

politico.eu/article/german…
2- #NordStream2 has already sued the 🇪🇺 from 🇨🇭 for the implementation of the unbundling requirement in the 2018 gas directive

investmentpolicy.unctad.org/investment-dis…

The amount of compensation asked for is unknown because our démocraties are parties to the secretive #EnergyCharterTreaty
3- But in a response to the claimant @EU_Commission explained that the case should be dealt this in 🇩🇪

italaw.com/cases/8187
Read 7 tweets
📢#NoECT #StopISDS🛑
Why does the state never win in claims under the #EnergyCharterTreaty and how is #Luxembourg 🇱🇺connected to some of these claims?
The example of Abengoa Spain can give an insight in these questions:
Spain is the most sued country under the Energy Charter Treaty: it accumulates 50 lawsuits and a claimed amount of more than 10 billion euros. The solution is very simple: to avoid this waste of public money, the exit from the Treaty must be initiated.
In a claim under the #EnergyCharterTreaty it can never be said that "the State has won": the defence costs alone amount to millions of euros. As in the case of Abengoa Spain, Spain will have to pay 6.7 million taxpayers money only in process costs.
tinyurl.com/2h46jc5w
Read 6 tweets
📢New article alert! What does international law say about leaving #fossilfuels in the ground to meet the #ParisAgreement #climate goals? And how could it evolve to do so? I explore these questions in a new #OpenAccess article in @ESG_Journal sciencedirect.com/science/articl…🧵
Some background: as a recent @Nature piece by @st_pye & others shows, if we want to keep below 1.5C, large parts of fossil fuel reserves (oil: 58%, gas: 59%, coal: 89%) are 'unextractable' nature.com/articles/s4158… (2/n)
This message also emerges from the annual #ProductionGap report (heads up: the next one is coming in 2 weeks!) by @SEIclimate @IISD_news @UNEP & others: we need to start winding down production *now* to keep global #climate goals within reach @mlaz_sei @_aploy @SEI_Erickson (3/n)
Read 15 tweets
#EnergyCharterTreaty Dass Nuclear bisher noch darunter fällt, liegt daran, dass die @iaeaorg Verstrahlungstode u -Spätfolgen von Tschernobyl 1986 schlicht verleugnet. So ist den Schattenrichtern der WTO halt (offiziell) nicht klar, dass Nuklear sozial- und umweltUNverträglich ist
Nur 1 Bsp. aus dem #EnergyCharterTreaty "Sicherheit in einer Art und Weise zu erhöhen, die sozialverträglich, wirtschaftlich tragfähig u umweltverträglich ist." Da kriegt RWE doch sofort die Kasperklatsche vom WTO-Schattengericht💁‍♀️
Kapier echt die Welle nicht. Wir brauchen #ECT!
Read 5 tweets
This is a really good film (10 mins, with subtitles) about how the #EnergyCharterTreaty prevents climate policies by allowing companies to sue the governments for any claimed loss of profits.

It reveals how ECT secretariat is biased against energy transition (contrary to their claims), and how ECT is increasingly controversial among EU govts. But a govt can only decide to withdraw from the treaty by giving 20 years' notice! Yes, twenty
Since any single country is prevented from acting democratically, the @EU_Commission should demand wholesale reform of the treaty to prevent it applying to climate policy, or European countries should collectively withdraw.

@vonderleyen @TimmermansEU @KadriSimson
Read 3 tweets
1/
Ein Grund für den katastrophal späten Kohleausstieg 2038 und die über 4 Milliarden Euro, die die Bundesregierung den Kohlekonzernen zahlen will, sind internationale Abkommen wie die europäische #EnergyCharterTreaty. Diese verhindern Klimaschutz.

zeit.de/wirtschaft/202…
2/
Die europäische Energiecharta ermöglicht Konzernen, Regierungen für Umweltschutzpolitik über Jahrzehnte auf ausfallende Profite zu verklagen. Sie ist zutiefst antidemokratisch & gehört abgeschafft statt erweitert. Thread zu neuem Bericht @pia_eberhardt
3/
Die aufaddierten Treibhausgasemissionen, die durch das #EnergyCharterTreaty geschützt werden, sind seit dessen Inkrafttreten 1998 *dreimal* so hoch wie das gesamte verbleibende CO2-Budget der EU 2018-2050.

"Investitionsschutz" verhindert Klimaschutz

openexp.eu/sites/default/…
Read 6 tweets
😡 Un informe filtrado revela el mal funcionamiento del Tratado sobre la Carta de la Energía. Ese tratado opaco que casi nadie conoce y que puede costarnos a los contribuyentes en España más de 7.000 millones de EUR debe ser abolido. #StopISDS Abro hilo ⤵️ euractiv.com/section/energy…
El Tratado sobre la Carta de Energía (#ECT) permite a los inversores extranjeros demandar a los gobiernos a través del sistema de solución de controversias entre inversionistas y estados (#ISDS, por sus siglas en inglés) por cambios políticos. #StopISDS publico.es/economia/pleit…
El Tratado sobre la Carta de la Energía es una mina de oro para las compañías de combustibles fósiles. Es la legislación más invocada en todo el mundo, utilizada por fondos de inversión y empresas energéticas para proteger sus beneficios. #StopISDS thefifthestate.com.au/energy-lead/lo…
Read 13 tweets

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