Article 5RFP6 Secretive court system poses threat to Paris climate deal, says whistleblower

Secretive court system poses threat to Paris climate deal, says whistleblower

by
Jennifer Rankin in Brussels
from on (#5RFP6)

Treaty allows energy corporations to sue governments for billions over policies that could hurt their profits

A secretive investor court system poses a real threat to the Paris climate agreement, activists have said, as governments taking action to phase out fossil fuels face a slew of multimillion-dollar lawsuits for lost profits.

New data seen by the Guardian shows a surge in cases under the energy charter treaty (ECT), an obscure international agreement that allows energy corporations to sue governments over policies that could hurt their profits.

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