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The Guardian - UK
The Guardian - UK
Environment
Arthur Neslen

European Commission aims to end secret system protecting fossil fuel holdings

Steam rises from cooling towers at the Neurath coal-fired power plant in Germany.
Steam rises from cooling towers at the Neurath coal-fired power plant in Germany. Photograph: Sean Gallup/Getty Images

The use of secret corporate panels to protect multi-billion-pound fossil fuel investments within Europe could come to an end after a move by the European Commission.

Windfall payouts such as a recent £210m award to the British oil firm Rockhopper would no longer be possible between EU states under a new proposal to reform the energy charter treaty (ECT).

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