Article 5MJQC Outrage as Italy faces multimillion pound damages to UK oil firm

Outrage as Italy faces multimillion pound damages to UK oil firm

by
Josephine Moulds
from Environment | The Guardian on (#5MJQC)

Secretive tribunals allow fossil fuel companies to sue governments for passing laws to protect environment

Italy could be forced to pay millions of pounds in damages to a UK oil company after banning new drilling near its coast.

The case has sparked outrage at the secretive international tribunals at which fossil fuel companies can sue governments for passing laws to protect the environment - amid fears that such cases are slowing down action on the climate crisis. It is also fuelling concern that the UK is particularly exposed to the risk of oil firms suing to prevent green policies, potentially hampering climate action.

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