A group of 11 MEPs from the S&D, Renew Europe, Greens/EFA and GUE/NGL groups in the European Parliament sent a letter on Wednesday 28 October to the Executive Vice-Presidents of the European Commission, Frans Timmermans and to Valdis Dombrovskis, asking them to review the institution’s current proposal to modernise the Energy Charter Treaty (ECT).
The proposal “runs counter to the European Parliament’s position, by retaining protection of existing fossil fuel investments for at least another ten years, and of some gas power plants and pipelines until possibly 2040”, MEPs point out.
They therefore argue that the institution should revise its copy, “in order to align it with the EU’s ambitious emissions reduction goals and the Green Deal by immediately ending protection of investments in fossil fuels under the Energy Charter Treaty”.
This letter follows up on the new Commission proposals recently unveiled in the media (see EUROPE 12591/17) and intended, after approval by Member States, to form the EU position in the ongoing negotiations on the modernisation of the ECT.
The Parliament, for its part, had adopted an amendment to the Climate Law calling for the modernisation of the treaty to end investment protection for fossil fuels (see EUROPE 12576/1).
See the letter: https://bit.ly/3kFksEy (Original version in French by Damien Genicot)