🧵 1. UK withdraws from Energy Charter Treaty, citing EU's hindrance in reform efforts. Minister Graham Stuart deems the treaty outdated and counterproductive to UK's transition to cleaner energy. #world
🧵 1. UK withdraws from Energy Charter Treaty, citing EU's hindrance in reform efforts. Minister Graham Stuart deems the treaty outdated and counterproductive to UK's transition to cleaner energy. #world
🧵 2. UK takes partial credit for ECT reform efforts but faces obstacles as EU members France, Germany, Netherlands, and Spain block approval of the modernized agreement, leading to a series of unilateral exits from the treaty.
🧵 3. Amid ongoing deadlock in Brussels, UK's decision to exit prompts discussions on an EU-level withdrawal. European Commission's stance on single market rules poses legal challenges to member states' participation in the ECT.
🧵 4. European Parliament elections in 2024 heighten urgency for treaty reform. Brexit and growing list of exits put pressure on EU's position on ECT, highlighting challenges in achieving consensus among member states.
What is the growing list of exits? AFAIK only the UK left the EU so far.