EU tables Energy Charter Treaty exit, citing climate concerns
www.euractiv.com
The European Commission proposed on Friday (7 July) 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 Energy Charter Treaty was created in 1991 to create a safe investment enviorment for energy projects in former Warsaw Pact countries. Signatories can be sued, when they hurt investors intrests. Unforuntaly the treaty has been used by the fossil fuel industry to sue governments into allowing them to run their investments longer. So leaving it is a good idea.

  • pacology@lemmy.world
    2·
    1 year ago

    I’m scrolling so fast that I thought that Lesley Knope was in the articles thumbnail and I got confused.

    • MrMakabar@slrpnk.netOP
      1·
      1 year ago

      The idea was to insure that energy investments are safe from political manipulation. The EU is pretty good at doing that for the members, so the investments will continue. What is good news for them is that they can make life for fossil fuels more difficult. With Poland generate 30% of the EUs coal electricity, that is really intressting. Czechia is another really dirty grid. It also will be usefull in case of Russian energy assets in the region.