Energy Giants Lose Bid to Win Compensation for Forced Coal Plant Closures
- Dutch court says energy firms are not entitled to Compensation
- The government ordered all coal plants to close by 2030
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Uniper SE and RWE AG lost a bid to get compensation from the Netherlands government over the forced early closing of their coal plants in the country.
A Dutch court ruled Wednesday that the energy giants weren’t entitled to payouts after the country adopted a law in 2019 that ordered all coal plants to stop burning the dirtiest fossil fuel by 2030 in order to cut emissions fast enough to fall in line with climate change pledges.