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Brussels tables EU-wide exit from the Energy Charter Treaty, considered at odds with the Green Deal

The European Commission has formally proposed a "coordinated and orderly" withdrawal from the Energy Charter Treaty. The proposed legislation, unveiled on Friday afternoon after days of speculation, would see the European Union and its member states leave the controversial treaty at the same time, avoiding the chaos of having individual countries going their own way.
IISD in the news July 7, 2023

EU moves to quit energy investment treaty

The European Union on Friday moved to pull the plug on the bloc's membership in the Energy Charter Treaty (ECT) — an investor protection pact that's seen as hampering decarbonization efforts.
IISD in the news July 7, 2023

Grid storage plans key in addressing energy crisis, finds IISD report

A new report from the International Institute for Sustainable Development (IISD) has found that in order to reduce the need for load shedding during periods of peak power demand, national and municipal plans should be developed to deploy energy storage.
IISD in the news July 6, 2023

Exclusive: how US oil extraction plans will scupper global climate goals

To the dismay of green activists, the Biden administration approved the Willow oil drilling project in Alaska in March 2023. The field will produce 180,000 barrels of oil a day and create as many as 1,800 jobs, and will require an estimated investment of $8bn from lease-owner ConocoPhillips to become operational.
IISD in the news July 6, 2023