EXXONMOBIL USES CORPORATE ARBITRATION SYSTEM TO CHALLENGE CLIMATE SOLUTION IT PROMOTES

ExxonMobil is striking back against a European Union climate rule built around carbon capture and storage, a technology the oil giant has promoted as a way to address global warming. The company’s affiliates filed a notice of dispute under the Energy Charter Treaty, according to the arbitration industry publication Investment Arbitration Reporter.

Inside Climate News reports that exxonMobil is striking back against a European Union climate rule built around carbon capture and storage, a technology the oil giant has promoted as a way to address global warming.

The report adds: The company’s affiliates filed a notice of dispute under the Energy Charter Treaty, according to the arbitration industry publication Investment Arbitration Reporter.

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