"European Union countries unanimously agreed on Thursday to quit an international energy treaty over concerns that it protects fossil fuel investments and undermines efforts to fight #ClimateChange.
The 1998 Energy Charter Treaty (#ECT) allows energy companies to sue governments over policies that damage their investments. In recent years, some companies have used it to launch billion-dollar lawsuits against measures to shut or restrict fossil fuel projects."
https://www.reuters.com/business/energy/eu-agrees-quit-energy-investment-treaty-over-climate-concerns-2024-05-30/