A note: Italy has not paid the fine cited in the article because we left the treaty before the changes that caused the provate courts to fine us.
>The energy charter treaty was set up in 1994 to protect western energy firms working in former Soviet countries. It allows investors to sue governments which enact policies that could undermine their expected financial returns.
3 comments
A note: Italy has not paid the fine cited in the article because we left the treaty before the changes that caused the provate courts to fine us.
>The energy charter treaty was set up in 1994 to protect western energy firms working in former Soviet countries. It allows investors to sue governments which enact policies that could undermine their expected financial returns.
TIL
Another Thatcher / Reagan / Berlusconi / Draghi / Cheney / Rove / Kissinger / Merkel / Sholz / Blair victory.
Right up there with handing Hong Kong over to the P.R.C. / Peking.
The French have always had a “do it my way” mindset. Ramifications be damned.