The UK withdrew from the Energy Charter Treaty, joining nine EU member states, to prevent fossil fuel companies from suing over climate policies.

The UK has withdrawn from an international treaty that allows fossil fuel companies to sue governments over climate policies, joining nine EU member states including France, Spain and the Netherlands. The Energy Charter Treaty, signed in 1994, was designed to protect fossil fuel investments and encourage development in post-Soviet countries, but has been used by fossil fuel companies to challenge climate policies that threaten their projects. The UK has said continued membership could "penalise" its push to net zero, but experts warn its decision could hamper investment.

February 22, 2024
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