The Energy Charter Treaty can be deployed to expand the fossil fuel industry’s rights and contextually counter democratic forces that animate the ecological transition.
Premier Edi Rama reacted angrily to a decision by a World Bank-funded international arbitration body to grant around 110 million euros in compensation to an Italian businessman who claimed he was politically persecuted in Albania.
The way in which the reasoning of the Rockhopper award expels any environmental considerations has the effect of making climate change interventions considerably more costly
UK-based Rockhopper Exploration has been dealt a blow in its protracted legal battle with Italy with the European nation applying to the ICSID to annul the €190 million payment it was ordered to make.
En vertu du très controversé Traité sur la charte de l’énergie, l’État italien vient d’être condamné à verser 190 millions d’euros, plus les intérêts, à la société pétrolière britannique Rockhopper.
Un tribunal arbitral ha decidido que Italia deberá pagar más de 190 millones de euros a la compañía británica Rockhopper Exploration por la denegación de un permiso para construir una plataforma petrolífera.
Protestors will be gathering to march to the Rockhopper Exploration headquarters. The company is suing the Italian government for £236 million due to its refusal to allow oil drilling off the Adriatic Coast.