On 24 June 2022, a reform proposal of the Energy Charter Treaty (ECT) was agreed. The ECT is an international trade agreement that protects foreign investors in the energy sector. Our analysis shows that climate-damaging investments are protected even after the reform, and the much-criticized arbitration process is maintained. The signing of the reform would breathe new life into a dangerous agreement and make it likely that new countries will join.
Photo: unsplash.com/John Kinnander
