The EU taxpayer is the main loser from the continuation of the Energy Charter Treaty which locks Europe into carbon and energy injustice at a high cost to taxpayers, argues Yamina Saheb.
The Russian-owned Nord Stream 2 pipeline consortium filed a notice on Thursday (26 September), asking a tribunal of private arbiters to determine whether the European Union is in breach of its obligations under the Energy Charter Treaty (ECT).
The EU and its member states should collectively withdraw from the Energy Charter Treaty, which protects fossil fuel investments, and go to the UN Climate Summit in New York with a call to develop a ‘Treaty for the Non-Proliferation of Fossil Fuels’, argues Yamina Saheb.
Luxembourg will push for a deep reform of the Energy Charter Treaty at EU level in order to align it with global climate objectives, said the country’s energy minister Claude Turmes, who did not rule out scrapping the treaty altogether if reform talks don’t progress fast enough.
A closer look at the Energy Charter Treaty provides a case study of who really holds power in our increasingly interconnected world, writes Timothy Knickerbocker.
A confidential internal report, obtained by EURACTIV, lists the multiple failings of the Energy Charter secretariat, at a time when the treaty is undergoing a major revision process and is being used by Russia's Nord Stream 2 pipeline in a first-time l...
In April, the Russian-owned Nord Stream 2 company initiated legal proceedings agains the EU under the Energy Charter Treaty. If an amicable solution cannot be found, the case will set an important precedent for EU energy policy, write Kim Talus and Lei...