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charte énergie
THE INTERNATIONAL ENERGY CHARTER CONSOLIDATED ENERGY CHARTER TREATY
Today, the European Court of Justice stated that EU energy companies will no longer be allowed to sue EU governments using the Energy Charter Treaty – throwing into doubt a number of ongoing billion-euro arbitrations.
The Energy Charter Treaty is a little-known investment protection treaty. It allows foreign investors to claim billions in compensation from the signatory states before international arbitration tribunals if the companies feel treated unfairly by the states energy or climate policies. This procedure has numerous problems: The treaty is one-sided, because only companies can sue states. It is extremely vaguely worded and thus a gateway for investors to sue. The arbitration courts meet in secret like shadow courts. In some cases, it is not even made public that there are proceedings at all.
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