The world needs to stop burning fossil fuels to limit the devastating effects of climate change. The Netherlands has legislated to shut down all coal-fired power plants by 2030.
But now a German energy company is suing the Dutch government for 1.4 billion euros over that decision. The company RWE is using a secretive international agreement to claim compensation from the Netherlands.
This case is possible because of the Energy Charter Treaty. This international agreement allows energy investors to sue governments for their lost assets and potential profits, resulting from regulatory changes.
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