EU exit from climate-killing energy treaty looms
18 Apr 2023
Denmark joins a spate of EU nations including Germany, Spain, France and the Netherlands who are exiting the Energy Charter Treaty (ECT), an investment pact weaponised by big emitters to sue governments — most recently for phasing out fossil fuels.
With the European Commission having stated on February 7 its intention to coordinate a withdrawal of the entire bloc from the archaic pact — ratified in 1994 to protect energy investments in post-Soviet states — more countries are expected to join the eight EU members now in revolt.
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The European Commission will tell countries to cut 90 percent of their planet-warming emissions by 2040, but offer “flexibilities” to make the goal politically palatable, according to EU climate chief Teresa Ribera.
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