In a significant step forward in the campaign against Investor-State Dispute Settlements (ISDS), Australia has announced its withdrawal from its signatory status to the Energy Charter Treaty.
Allowing oil, mining, and gas companies to continue to file expensive lawsuits over environmental regulations could undermine whatever agreements might be reached in the COP26 in Glasgow.
Une nouvelle publication révèle que cinq entreprises de l’énergie poursuivent des États pour leur politique climatique en leur réclamant 18 milliards de dollars de compensation.
Rules accepted under various trade and investment agreements often benefit destructive, extractive industries to the detriment of national and international climate goals and ambitions.
La Cour de justice de l’Union européenne a déclaré que les affaires de règlement des différends entre investisseurs et États sur la base du Traité sur la Charte de l’énergie ne sont « pas applicables » au sein de l’UE.
Environmental organisations have hailed a court decision that could mean the end of a little-known legal mechanism that poses a massive threat to climate action.