Climate Action Network
Climate love
Climate love
Ingmar Rentzhog
163 w
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Mobilizing 1 million people to end the Energy Charter Treaty
The ECT is an international investment agreement from the 1990s. It allows foreign investors in the energy sector to sue governments for decisions that might negatively impact their profits, including climate policies. For example German coal giant RWE is suing the Netherlands for €1.4 billion in compensation for the Dutch coal phase-out. Because the ECT’s legal regime favours investors, is unpredictable, and the fines that governments can be hit with are catastrophically large, the treaty acts as a strong incentive to delay, weaken, or drop much-needed action to advance the energy transition. I have previously given a Climate Warning to the Energy Charter Treaty because it could help fossil fuel companies to sue governments if they do climate action. Read warning: https://app.wedonthavetime.org/posts/e6ad86ce-2651-4390-ac17-d59a68d3dc5b This needs to end. Climate Action Network has started a petition to end the treaty. 1 million people have signed it already. Now you can do too: http://caneurope.org/ect-petition/
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Pinned by We Don't Have Time
Thanks to everyone for signing the petition and liking this post! Most people are not aware yet of the Energy Charter Treaty and how fossil fuel firms can use it to obstruct the clean energy transition. Please share our petition in your networks. The link to sign is http://caneurope.org/ect-petition/
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The UK Government apparently don't agree with the Climate Change Story, to paraphrase the words from my favourite song: It's Not about what you say, it's All About What You Do
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87 w
According to the CAN website: "Withdrawing from the ECT is not difficult. As soon as a country has been a member for five years, it can leave the ECT at any time by simply giving written notification." Seems like the target should be politicians, not the ECT which is not likely to act against its own interest...
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105 w
We dont have an alternative planet to move to.So any law or policy which affects human existence must be changed.
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161 w
Signed
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161 w
Done and shared! Keep it up.
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162 w
There is no Way around it. We have to end fossile fuel if We hope to keep our planet alive
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162 w
That is loud and clear. We must end fossil fuel usage. Keep It under ground!
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162 w
Thanks to everyone for signing the petition and liking this post! Most people are not aware yet of the Energy Charter Treaty and how fossil fuel firms can use it to obstruct the clean energy transition. Please share our petition in your networks. The link to sign is http://caneurope.org/ect-petition/
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162 w
Thanks. I have signed. This is very important. Thank you so much for putting your light on it!
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162 w
You are right. This issue needs more attention and public support.
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162 w
Dear Ingmar Rentzhog Thank you for getting your climate love to level 2! We have reached out to Climate Action Network and requested a response. I will keep you updated on any progress! /Adam We Don't Have Time
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163 w
Great review! Nice to know things are moving to change this - currently more than 1 million people have signed!
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163 w
Signed!
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163 w
Please sign and share!
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163 w
Don't understand it enough to gage the consequences, as it's a broad investment protection. So not only coal/gas plants are subject to it imho. RWE was asked to build coal plants in the Netherlands in 2005\06. But the government also warned rwe for the future. Source in dutch: https://twitter.com/remcodb/status/1368880991452954624?s=19
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162 w
We could have a treaty. But not for oil and gas!
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162 w
@Rentzhog maybe no threat hy is necessary, laws have changed and clean projects are more protected and needed imho.😉 Although green in the EU are for biomass 🙄 And not for nuclear 😢
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163 w
Signed🌱
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163 w
lets support it all,and we help this come to an end!
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163 w
Signed and shared! Good move
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163 w
Definitely agree. Its a rule that puts capitalism above our own survival
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162 w