EU Set to Exit From Controversial Energy Charter Treaty
- Pact doesn’t align with bloc’s climate goals, commission says
- France, Belgium and Spain among nations arguing against ECT
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The European Union is set to announce this week its withdrawal from the controversial Energy Charter Treaty, after a small group of nations argued that it clashes with international climate goals and offers fossil fuel firms an avenue for massive legal claims.
People familiar with the matter said that the commission would announce its decision to withdraw the entire 27-nation bloc from the agreement imminently, following the concerns from member states. They had argued that it can be used by energy companies against governments in order to slow the green transition.