Oil ban costs Italy €190 million under 24-year-old energy supply treaty

Published 17:54 on August 25, 2022  /  Last updated at 17:54 on August 25, 2022  /  Africa, Asia Pacific, Australia, Canada, China, Climate Talks, EMEA, EU ETS, Japan, Mexico, Middle East, New Zealand  /  No Comments

Italy will have to pay as much as €190 million plus interest to a British oil company for obstructing an offshore project back in 2015, a behind-closed-door trial based on the Energy Charter Treaty (ECT) ruled on Wednesday.

Italy will have to pay as much as €190 million plus interest to a British oil company for obstructing an offshore project back in 2015, a behind-closed-door trial based on the Energy Charter Treaty (ECT) ruled on Wednesday.

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