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Climate policies under attack: How Fortum/Uniper are using an obscure international treaty to demand 1,000,000,000 Euro from Dutch taxpayers.
Fortum/Uniper webinar 1/4

The Netherlands passed a law in December that bans burning coal for electricity production by 2030. Uniper runs one of five coal-fired power stations in the country and has threatened to use the Energy Charter Treaty, an investment treaty from the 1990s, to extract about a billion Euro in compensation from Dutch taxpayers. The same treaty has been used in the past to attack a ban on oil drilling in Italy, new environmental rules for a coal-fired power plant in Hamburg and Germany's nuclear exit. This webinar will give you a short introduction to the Energy Charter Treaty and why it is a hindrance to the energy transition. We will also look at the Dutch coal phase-out law, how it links to the Urgenda court cases and why the Uniper threat to sue could spell disaster for coal exits in other countries.

Speakers:

Pia Eberhardt, trade and investment expert, Corporate Europe Observatory

Bart-Jaap Verbeek, researcher, SOMO - Centre for Research on Multinational Corporations (Netherlands)
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