Gazprom takes aim at EU in Energy Charter investment dispute

Russian gas giant Gazprom is seeking arbitration over changes to EU law that it says threaten Nord Stream 2, its Russia-Germany pipeline project

Russian gas giant Gazprom is seeking arbitration over changes to EU law that it says threaten Nord Stream 2, its Russia-Germany pipeline project. 

With Spain and the Netherlands among member states already facing enormous claims for damages from fossil fuel firms over changes to environmental policy, this week the EU itself was in the frame.

Nord Stream 2, the Gazprom-led consortium, is seeking annulment or damages under investor-state dispute settlement (ISDS) provisions in the Energy Charter Treaty, which have already led campaigners and European lawmakers to see it as a threat to the EU's climate action goals.

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