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A new report by Corporate Europe Observatory details how German business interests have shaped German and European hydrogen policies.

URL copied to clipboard Boris Johnson’s new investment council includes a subsidiary of a German energy giant that is suing the Netherlands for €1.4bn for phasing out coal. The Investment Council, which launched last month to drum up foreign investment into the UK, has talked up the importance of ‘sustainable’ investment and ‘green industries’ ahead of the COP26 Climate Summit. But the council’s advisers include RWE Renewables, whose parent company took the Netherlands to a World Bank arbitration tribunal after the Dutch government decided to phase out coal. The government�...

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...

German energy giant RWE has used the Energy Charter Treaty to claim compensation from the Netherlands over its planned phase-out of coal from the country’s electricity mix by 2030. The arbitration claim for €1.4 billion in compensation was denounced by climate campaigners as yet more proof that the treaty, an international investment agreement signed in 1994, is unfit for supporting the shift away from fossil energy. “It’s outrageous that fossil fuel firms can use this powerful treaty to obstruct the clean energy transition,” said Wendel Trio, the director of Climate Action Network ...