Multi-billion energy company euro lawsuits derail climate action | Climate Change | DW
Multi-billion euro lawsuits derail climate action An archaic energy treaty is being weaponized by big emitters to sue EU governments who are phasing out fossil fuels. Hundreds of billions of taxpayer funds could be redirected from climate action to corporate coffers. RWE will have to shutter its brown coal power stations but wants billions of euros in return In February, German energy company RWE invoked an obscure agreement called the Energy Charter Treaty (ECT) to sue the Netherlands for 1.4 billion euros ($1.67 billion) as compensation for phasing out coal by 2030. The case is the tip o...
Source: dw.com