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Exit ECT
After two years and 14 negotiation rounds to modernise the Energy Charter Treaty (ECT), the signatory states meet on 24 June 2022 to try to find a compromise.Three days before the conference, there are still no prospects of a genuinely ambitious reform, let alone one in line with the Paris Agreement. The only proposal on the table on which they may agree on June 24th will maintain the ECT protection of existing foreign investment in EU countries in fossil fuel for at least another decade and in gas power plants until 2040. In case an agreement in principle is reached by June 24th, the ECT might well be extended to several countries that host large fossil fuel investments.
