Space Travel News  
OIL AND GAS
EU's climate tilt tripped up by post-Soviet energy treaty
By Marc BURLEIGH
Brussels (AFP) Sept 4, 2019

Tackling climate change is a top priority for the incoming European Commission, but a decades-old energy treaty protecting fossil fuel investments is proving a tricky obstacle, experts said Wednesday.

The Energy Charter Treaty, struck in the 1990s, is meant to boost energy cooperation across borders. Initially it sought to protect investment in developing states, initially in post-Soviet states in eastern Europe.

The EU is part of the treaty -- as are its member states -- but Russia dropped out in 2009.

Now the treaty's provisions allowing companies to sue states over blocked projects has become a millstone on efforts to make the switch from greenhouse gas-emitting sources to renewable energy.

That has spurred calls for a reform of the treaty -- or even for it to be scrapped -- to give primacy to the 2015 Paris Climate Agreement meant to limit the rate of global warming.

"We've been pushing like crazy to change this treaty," Carlo Pettinato, an investment official in the Commission's trade unit, said during a panel debate in Brussels.

He admitted though that, with 50 signatory states and arbitrators outside the EU justice system in charge of the dispute resolution mechanism, "it's not going to be easy".

- Luxembourg leading reform call -

Battling climate change is a stated priority of Ursula von der Leyen, the new president-elect of the European Commission who will take charge with her team in November.

But other experts lamented that treaty change could take years, and the climate issue was too urgent to wait.

"How can you in today's situation protect investments that provenly destroy the planet?" asked Pia Eberhardt, of the Corporate Europe Observatory, a non-governmental campaign group that exposes corporate lobbying on EU policies.

She enumerated cases of corporations suing countries over stalled projects.

These included Sweden's Vattenfall power company using the treaty to demand compensation for environmental restrictions on a coal-based plant and over the phasing out of nuclear energy.

British firm Rockhopper is going after Italy for banning offshore oil drilling, Eberhardt said.

Luxembourg's Energy Minister Claude Turmes said his country was trying to build a coalition of "energy-responsible countries" to bring about changes to the treaty.

"If the EU is to be the new global climate leader, which Ursula von der Leyen spelled out, if we are to be a global leader than we need to attack and be much proactive on this treaty," he said.

rmb/dc/pvh

ROCKHOPPER EXPLORATION


Related Links
All About Oil and Gas News at OilGasDaily.com


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


OIL AND GAS
Rocket attack kills six in Iraq's oil-rich Kirkuk
Baghdad (AFP) Aug 25, 2019
A rocket attack killed six people and wounded nine others overnight at a sports stadium in oil-rich Kirkuk, north of Baghdad, Iraqi security forces said Sunday. "Six civilians were killed and nine others were wounded in an attack with rocket-propelled grenades and medium-grade weapons," they said in a statement. It said the attack targeted a football stadium in Daquq in the ethnically diverse province of Kirkuk. There was no immediate claim of responsibility, but security forces pointed t ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

OIL AND GAS
OIL AND GAS
NASA engineers attach Mars Helicopter to Mars 2020 rover

NASA Invites Students to Name Next Mars Rover

NASA's Mars Helicopter Attached to Mars 2020 Rover

ExoMars rover ready for environment testing

OIL AND GAS
NASA offers $7B in contracts to accelerate work towards 2024 Moon landing target

Chandrayaan-2's Third Lunar-Bound Orbit Manoeuvre Performed Successfully: ISRO

Chandrayaan-2 Captures First Image of Moon Showing Mare Orientale Basin, Apollo Craters

China's Chang'e-4 probe resumes work for ninth lunar day

OIL AND GAS
ALMA shows what's inside Jupiter's storms

Young Jupiter was smacked head-on by massive newborn planet

Mission to Jupiter's icy moon confirmed

Giant Impact Disrupted Jupiter's Core

OIL AND GAS
Exoplanets Can't Hide Their Secrets from Innovative New Instrument

Hints of a volcanically active exomoon

Canadian astronomers determine Earth's fingerprint

The dark side of extrasolar planets share surprisingly similar temperatures

OIL AND GAS
China's first medium-scale launcher with LOX LCH4 propellants ZQ-2 soliciting payloads worldwide

New Delhi in Talks With Moscow Over Rocket Engines for Indian Space Program

'Game-Changer' for Cosmic Research: NASA Chief Touts Nuclear Powered Spacecraft

Scientific Samples Make the Journey Back to Earth aboard SpaceX's Dragon

OIL AND GAS
China's newly launched communication satellite suffers abnormality

China launches first private rocket capable of carrying satellites

Chinese scientists say goodbye to Tiangong-2

China's space lab Tiangong 2 destroyed in controlled fall to earth

OIL AND GAS
UCF Student Working as Image Analyst for NASA's OSIRIS-REx Asteroid Recovery Mission

Australia set to welcome JAXA's Hayabusa2

Arecibo Observatory Gets $19M NASA Grant to Help Protect Earth from Asteroids

Monster Asteroid Nearly Twice as Big as London's Shard Tower Heading Toward Earth - Report









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.