The UK, under the endorsement of figures like Ed_Miliband and organizations like SkyNews, has announced its withdrawal from the Energy Charter Treaty (ECT), a decision hailed by climate activists and underscored by sources like ForeignPolicy and the Telegraph. The move is part of a broader effort to combat the climate emergency and prevent fossil fuel companies from suing governments over climate policies, as detailed by Dan_Beeton and GuillaumeLong. Labour and climate activists, including _OliviaBlake, have long criticized the ECT for being outdated and not conducive to climate action. The controversy surrounding the treaty stems from its provisions that allow corporations to sue governments for potential loss of future profits, a mechanism known as Investor-State Dispute Settlement (ISDS). This has raised concerns about its impact on sovereign decisions related to the climate crisis. While the UK's exit is seen as a positive step by many, there is criticism regarding European countries that, despite withdrawing from the ECT, continue to pressure developing nations into signing up for it or other similar ISDS mechanisms.
🎉 Campaign win 🎉 Having long campaigned for the UK to leave the damaging and outdated Energy Charter Treaty, I am delighted to see the official announcement of the UK’s withdrawal. https://t.co/cd2x6YOe4g
🛢️Climate activists hail decision to leave international Energy Charter Treaty though critics say it could harm UK renewable sector. Read more here 👇 https://t.co/VKkZhAj14a https://t.co/tPPARbGczi
UK is right to leave the Energy Charter Treaty. Sadly, many European countries that are withdrawing from the ECT (because it stymies the energy transition) still pressure developing countries to sign the ECT or other ISDS treaties. We wrote about it here https://t.co/JrxfgGeCnD https://t.co/j14S0Yxihp
UK is right to leave the Energy Charter Treaty. Sadly, many European countries that are withdrawing from the ECT (because it stymies the energy transition) still pressure developing countries to sign the ECT or other ISDS treaties. We wrote about it here: https://t.co/JrxfgGeCnD https://t.co/j14S0Yxihp
The UK is right to leave the Energy Charter Treaty. Unfortunately, many European countries that are withdrawing from the ECT (because it stands as an obstacle to the energy transition) are still pressuring developing countries to sign up to it and/or other ISDS mechanisms. We… https://t.co/j14S0Yxihp
As the energy transition gains momentum around the world, experts say Europe’s wave of protests may be a harbinger of what’s to come. https://t.co/K0tmM6LfQQ
.@ceprdc's @ecuarauz & @GuillaumeLong laid out how the Energy Charter Treaty & other agreements that include #ISDS (allowing corporations to sue governments over projected loss of "future profits") endanger #ClimateCrisis response & undermine sovereignty https://t.co/N32L2alQp0 https://t.co/ZT9XnGcLs2
The UK is withdrawing from a controversial treaty that allows fossil fuel giants to sue governments over their climate policies Read more 👇 https://t.co/S2xtPLUCZn
We are in a global fight against the climate emergency. We cannot allow fossil fuel companies to stop democratically elected governments from taking climate action. Labour has long argued that the ECT is not fit for purpose. It is right we leave. https://t.co/sylFjWaMcS