Bilateral investment treaties are threatening necessary climate action. Through the deployment of Investor-State Dispute Settlement (ISDS), the fossil industry is launching damage claims directed at governments to seek compensation for projected loss of profits following the implementation of new climate and energy measures.

In doing so, ISDS has a chilling effect on European climate policy, threatening to slow down or even completely derail new mitigation measures. If ISDS claims are granted, the state, and ultimately the taxpayers, pay the price.

We are calling on the European Commission and EU Member States to ensure the protection of fossil investments makes way for ambitious European climate action. Public funds are a public matter, and should stand to benefit people and planet.