Topic: Climate change
Spain exits ECT
Spain has become the latest state to make good on its threat to denounce the Energy Charter Treaty ahead of a proposed EU-wide withdrawal from the treaty.
15 May 2024
European Parliament approves exit from ECT
The European Parliament has voted in favour of a “coordinated withdrawal” of EU member states from the Energy Charter Treaty.
24 April 2024
EU Commission proposes invoking ECT’s denial of benefits clause
The European Commission has proposed that the EU should invoke the Energy Charter Treaty’s denial of benefits clause to withdraw protections for Russian and Belarusian investors.
10 April 2024
European Commission explains plan for ECT withdrawal
The European Commission has been explaining its plan for EU member states’ “coordinated withdrawal” from the Energy Charter Treaty ahead of a vote on the issue by the European Parliament.
28 March 2024
New leadership for Green Campaign
Lucy Greenwood, the founder of the Campaign for Greener Arbitrations, has stepped down as president of the initiative’s steering committee – as Cherine Foty of Covington & Burling and Christine Falcicchio of e-submission provider Sopra Legal take over as co-presidents.
29 February 2024
Slovenia denied security in fracking case
An ICSID tribunal has declined to order a UK company to post security for costs in a €656.5 million claim over Slovenia’s blanket ban on fracking for natural gas.
23 February 2024
UK latest to leave ECT
The UK has confirmed it will withdraw from the Energy Charter Treaty, citing the failure of efforts to align it with climate change goals.
22 February 2024
Spain avoids damages in ECT case
A split ICSID tribunal has rejected a Swiss investor’s €175 million damages claim against Spain after concluding that the state’s reforms to its renewable energy regime resulted in only a limited breach of the Energy Charter Treaty.
22 February 2024
RWE to withdraw ECT claim against Netherlands
German energy company RWE is withdrawing its Energy Charter Treaty claim against the Netherlands over coal phase-out legislation – months after a German court ruled it was inadmissible.
03 November 2023
“Unjust, undemocratic and dysfunctional”: UN report slams ISDS
A UN report has severely criticised the impact of investment arbitration on climate action and human rights – calling it “not fit for purpose in the twenty-first century” and recommending states withdraw their consent to arbitration under investment treaties.
02 November 2023