As the second round of discussions on modernising the Energy Charter Treaty (ECT) opened on Tuesday 8 September, a coalition of 93 MEPs and 46 national MPs called on EU Member States to ensure that provisions on investor-state dispute settlement (ISDS) are removed from the treaty, or fundamentally limited.
According to these parliamentarians, the ISDS mechanism provided for in the treaty “protects foreign investment in fossil fuels”.
They therefore believe that the ECT now represents a...