An energy treaty from 1994 threatens our strategy for a climate neutral Europe by 2050.
- September 28, 2021, from 10 a.m. to 11 a.m., Esplanade for the European Council and European Commission
(source: Other Europe)
In the days after the fall of the wall, the Energy Vest, dating from 1994, had the objective of securing Western Europe’s supply of fossil energy (oil, gas…) from the ex-Soviet Union and Eastern Bloc. The 53 of the treaty are gross modo the EU and are inclusive, producing and producing countries of fossil raw materials for Belgium.
The most important provisions in the investment treaty concern trade, production and export of energy raw materials, but also dispute settlement. When they feel disadvantaged by the policies of states, under the treaty’s guarantee of investment in real powers.
This system is an attack on our democratic institutions, because it creates a two-speed justice system, with privileged access to justice from speeds, active citizens, employees and no access to this tribunal, in case of violations of justice system and environmental standards. Companies have used that protection on fossil fuel investments to sue states that pursue policies of energy transition away from fossil fuels. That way they can get hundreds of millions or even billions of euros on taxpayers’ money in compensation for the future profits that they have calculated on the net needed to finance. The treaty is being used to challenge social legislation to combat energy poverty or make energy a public sector.
The Energy Charter Treaty is a treaty from bygone days, concluded long before the underlying curve that completed the world and the European Union, followed by the Paris Climate Agreement (2015) and the European Green Deal (2019), and with the Agenda 2030 and the SDGs, towards a socially just energy transition.
From 28 to 30 September ek. the renegotiation round of the Energy Charter Treaty takes place. The Sustainable and Fair Trade, of trade unions, NGOs, health insurance companies and the environmental movement calls on Belgium and the EU to join this round of negotiations for:
- lifting the legal protection of fossil fuels
- the abolition of the private arbitration tribunals, ISDS
- If the reform negotiations fail to achieve a result,
then we ask that the EU and Belgium make a foreign supply and ISDS work exit from the agreement, provided a mutual agreement that a guarantee of energy supply .
See also various articles on Other Europe about this Energy Charter Treaty: