Sarah
Keay-Bright
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“Energy Charter Treaty review should end protection for fossil fuels”
“Outdated Energy Charter Treaty leaves new economy investments unprotected”
In her previous article Sarah Keay-Bright said the outdated Energy Charter Treaty protects old world fossil fuel investments over the wide range of new green investments now being made. The treaty is being reviewed by its signatories this year. In a concluding article, she and Steivan Defilla warn that the terms of reference for the ECT review don’t even mention the need to align the treaty with the Paris Agreement. They say the revised ECT must … [Read more...]
This year the Energy Charter Treaty (ECT) is being reviewed by its signatories. It’s the most invoked international investment agreement in the world, and it needs either to be reformed or abandoned, says Sarah Keay-Bright. Created at the end of the cold war, it was designed to protect international energy investments – in a fossil fuel world - from political risk. Today, its wording and mechanisms are failing to protect investors that are vital … [Read more...]
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