Netherlands Says ICSID Should Reject Coal Investors’ 1.4B Euro Claim

Mealey's (November 9, 2022, 1:39 PM EST) -- WASHINGTON, D.C. — The Kingdom of the Netherlands in a countermemorial published online by the International Centre for Settlement of Investment Disputes (ICSID) on Nov. 8 urges a tribunal to find that it did not violate the Energy Charter Treaty (ECT) or cause coal power investors 1.4 billion euros in damages by banning coal-powered energy plants after 2030 because the move was “a legitimate exercise of the Netherlands’ right to regulate in the public interest to curb global warming.”...