As nations try to phase out fossil fuels, companies are suing them for compensation. Rachel Thrasher at Boston University, Blake Simmons at Colorado State University and Kyla Tienhaara at Queen's University (Ontario) summarise their latest study of the scale of the payouts. The cases are based on treaties – the Energy Charter Treaty being the most significant - that allow investors to sue governments when policy changes overturn their … [Read more...]
IEEFA Germany: RWE’s coal phaseout compensation demands defy market prices
How much should the coal producers be compensated for Germany’s phaseout? RWE wants €1.2bn per GW at least, basing its maths on an EU-approved scheme from 2015. But Gerard Wynn, writing for IEEFA, says too much has changed since then, not least the Paris Agreement and the actual market price for coal assets. By his calculations, the true price should be under €100m per GW down to near zero. Vattenfall and Engie have already taken such a hit. … [Read more...]
