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President Emmanuel Macron announced on Friday, at the European Summit in Brussels, the withdrawal of France from the Energy Charter Treaty, ratified in 1994. ‘approvisionement de l’Europe de l’Ouest en énergies fossiles.

La France dans le sillage de l’Espagne et des Pays-Bas. Paris will withdraw from the Charter of Energy (TCE), a 30-year-old international agreement that protects private investments in fossil fuels, President Emmanuel Macron announced on Friday, October 21.

“France has decided to withdraw from the Charter of Energy, which was an important point requested by many,” declared the head of state on the sidelines of a European summit in Brussels.

Ce traité est censé s’appliquer encore vingt ans après le retrait d’un pays signataire.

Dans un avis rendu mercredi, the Haut-Conseil pour le Climat (HCC), French consultative instance, avait estimated that this text nusait à l’engagement des signatory countries “sur une trajetoire de decarbonisation de leurs sectors énergétiques à l’horizon 2030 et à la hauteur de l’ambition de l’Accord de Paris”.

Le traité sur la Charte de l’énergie was signed in 1994, at the end of the Cold War, to offer guarantees to investors in the countries of Eastern Europe and the former Soviet Union.

Reuniting the EU and 50 countries, it allows companies to claim, before a private arbitration tribunal, damages to a State whose decisions affect the profitability of their investments, even when it comes to politics pro-climate.

With AFP