UK quits treaty that lets fossil fuel firms sue governments over climate policies
UK quits treaty that lets fossil fuel firms sue governments over climate policies
Britain joins France, Germany, Spain and the Netherlands in withdrawing from charter it says ‘penalises’ shift to net zero
Any state successfully withdrawing from an ISDS-infested treaty should be a huge victory for its people, but I wonder if the UK or any nation that benefits from sales of oil/petrol would even bother taking advantage of their regained sovereign powers to regulate more effectively? Also, there seem to be propaganda efforts out there to rile up farmers and their sympathizers to fight against meaningful regulations (rather than for consideration and assistance with adjustments). I wonder how this might play out.
The UK is a net oil importer, so as soon as the oil price goes nuts again they will start to regulate.
Certainly but Shell and BP are two of the top 10 biggest energy companies in the world. I guess it comes down to which industries are most closely wedded to the politicians and the monarchy.