Another eye-watering verdict is in from the climate-wrecking Energy Charter Treaty. A tribunal authorised by the Energy Charter Treaty has ordered...

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Hi John,
Another eye-watering verdict is in from the climate-wrecking Energy Charter Treaty.

A tribunal authorised by the Energy Charter Treaty has ordered Italy to pay a UK fossil fuel company over £210 million, after Rockhopper sued the country over its ban on offshore oil drilling – six times more than the company’s actual investment in the drilling project.

Join thousands of people calling for the UK to exit the Energy Charter Treaty.
Sign our petition ([link removed])

Activists protest in Salisbury where Rockhopper has its headquarters

Rockhopper’s project triggered local outrage, and was set to frack and acidise extracted materials using aggressive chemicals that are banned here in the UK. Over 10 years Italians fought the project, and won: the government passed legislation protecting the coastline from oil drilling.

Enter the Energy Charter Treaty (ECT) – the means by which fossil fuel companies like Rockhopper are challenging national policies for crucial climate action and the wins of people power, threatening democracy itself.

This treaty allows them to sue governments in “corporate courts” - private, closed-door tribunals outside of the national legal system.

Fossil fuel companies are making obscene profits during the cost of living crisis and now they want to cash in even more when governments actually take action to limit the destructive projects driving the climate crisis – with taxpayers bearing the cost.

This case will have a chilling effect on climate action, as climate scientists have warned in the most recent IPCC report. It also bankrolls Rockhopper to pursue ever more destructive projects: its share price has jumped up following the verdict.

The UK government and other member countries of the ECT have been discussing changes to “modernise” the treaty. But the current proposals would keep fossil fuel projects protected for ten more years. We know what we do in the next few years is critical to avert climate catastrophe.


** We need to be cancelling climate-bomb fossil fuel projects without delay.
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The UK and countries across Europe must exit the Energy Charter Treaty in a coordinated withdrawal and put an end to the huge risk they face of being sued.

Join in our campaign to tell the UK Government to stop corporate courts blocking climate action, and exit the ECT now.

Sign our petition ([link removed])
We need to get the word out: staying in this little-known, shadowy investment treaty is locking in the risk of destructive companies blocking the transition away from fossil fuels.

In solidarity,
Cleodie Rickard,
Trade campaigner at Global Justice Now

PS: You can learn more about Rockhopper's case in this Guardian article ([link removed]) and video ([link removed])
** Behind closed doors...
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