Loading ...France becomes latest country to leave controversial energy charter treaty
Quitting the ECT, which protects fossil fuel investors from policy changes that might threaten their profits, was ‘coherent’ with Paris climate deal, Macron said
France has become the latest country to pull out of the controversial energy charter treaty (ECT), which protects fossil fuel investors from policy changes that might threaten their profits. Macron’s statement follows a recent vote by the Polish parliament to leave the 52-nation treaty and announcements by Spain and the Netherlands that they too wanted out of the scheme.
“We need to exit the energy charter treaty because we end up being sued by multinational companies through private tribunals which prevent us carrying out our climate policies.”