EU Moves Closer To Exiting Energy Investment Pact ...Middle East

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The European Union is going ahead with plans to leave the Energy Charter Treaty, which climate activists have slammed as playing for the hydrocarbons team. The Financial Times reports that the European Commission is later today set to propose a joint exit from the Treaty, after several individual member states quit over expensive court settlements with oil and gas companies. The Energy Charter Treaty, set up in 1994, aimed to protect investments in energy across borders. Lately, it has emerged, in the eyes of some EU members, as a tool of the hydrocarbons…

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Last updated : 07 July 2023 clock 10:04 AM

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EU Moves Closer To Exiting Energy Investment Pact ...Middle East

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