Thread by @ysaheb

🧵 on the next steps following the historic announcement of @EmmanuelMacron on the withdrawal of 🇫🇷 from the Energy Charter Treaty #ECT

https://twitter.com/bfmtv/status/1583446559609729024

There 4 distinct steps to make today’s French decision effective

Step 1: A qualified majority vote (55% of MSs representing 66% of EU population) is needed to withdraw the EU from the #ECT

This vote should occur before 22/11, the day of the Energy Charter Conference (highest body of the #ECT) meeting where approval or disapproval of the conclusions of the négociations will take place

Step 2: The decision of the withdrawal is confirmed by a vote at National and @Europarl_EN

Step 3: Notification of the decision of the withdrawal to the Energy Charter Conference. The effective withdrawal will take place 1 year after the Energy Charter Conference confirms the reception of the withdrawal notification

Step 4: EU countries must sign an agreement per se to cancel the sunset clause btw themselves. This clause extends for 20 yrs more the protection of the existing investment and will be triggered when the withdrawal becomes effective

Canceling the sunset clause btw EU countries will limit the potential additional #isds claims as 67% of foreign investment in EU countries are made by EU investors. EU investors will have to move to 🇨🇭 or 🇬🇧 or other countries to sue EU MSs.

As of today the vote in favor of withdrawal is not obvious as
🇱🇺 🇦🇹 🇸🇪 🇫🇮 @EU_Commission are lobbying in favor of a remain in the ecocide #ECT
@francediplo_EN has an important role to play starting from today