Reform of the Energy Charter Treaty fails to meet EU objectives

The Energy Charter Treaty (ECT) is a trade and investment agreement between European and Asian countries that protects investments in the energy sector. Under the ECT, fossil companies can sue governments before private arbitration tribunals for billions of dollars, for example if government interventions against climate change affect future profits. In this short factsheet, we assess the reform process of the Treaty, which was launched in 2018. What did the EU want to achieve with the reform? Will she achieve her goals?