European Commission aims to end secret system protecting fossil fuel holdings
by Arthur Neslen from Environment | The Guardian on (#64GHX)
Proposal aims to reform energy charter treaty that protects multi-billion-pound investments in Europe
The use of secret corporate panels to protect multi-billion-pound fossil fuel investments within Europe could come to an end after a move by the European Commission.
Windfall payouts such as a recent 210m award to the British oil firm Rockhopper would no longer be possible between EU states under a new proposal to reform the energy charter treaty (ECT).
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