To avert the climate crisis, fossil fuels such as coal, oil and gas must remain in the ground. But the Energy Charter Treaty prevents a progressive climate policy. It allows corporations to sue states in international arbitral tribunals for billions of euros in damages if states intervene in the broadly defined ownership rights of companies, for example through climate regulations.
Uniper, for example, is threatening to sue the Netherlands for phasing out coal. In the future, a wave of lawsuits against climate policy regulations threatens. How absurd the lawsuits are often, why the states engage in such investment contracts and what our demands are, this episode of our podcast deals with.
(Unfortunately, we had some sound problems in the end. We apologize for the slight noise.)
