Dw News
@dwnews·6.3M subscribers·48.6K videos
Big energy sues Netherlands for €1.4 billion over coal phase out | DW News
Posted
February 13, 2021
Views
27,009
Likes
732
Comments
259
Engagement
3.67%
February 13, 2021
27,009
732
259
3.67%
Every word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
4:53Now PlayingThe world needs to stop burning fossil fuels to limit the devastating effects of climate change.
The Netherlands has legislated to shut down all coal-fired power plants by 2030.
But now a German energy company is suing the Dutch government for 1.4 billion euros over that decision.
The company RWE is using a secretive international agreement to claim compensation from the Netherlands.
This case is possible because of the Energy Charter Treaty. This international agreement allows energy investors to sue governments for their lost assets and potential profits, resulting from regulatory changes.
The cases take place in closed-door hearings at a private tribunal in Washington DC. So far ECT cases have resulted in payments of more than $50 billion dollars to investors. And that’s just the judgements we know about - most remain secret.
When the ECT was created in 1991, it was promoted as a way of giving companies security when investing in countries without reliable legal systems. But it’s increasingly used within the European Union - something many EU governments deem to be unlawful.
Climat activists say this treaty is now a major blockage to addressing climate change.
For more news go to
Follow DW on social media:
Für Videos in deutscher Sprache besuchen Sie
#ClimateChange #RWE #EnergyCharterTreaty
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.
