Energy

Daniel Murray: It was only a matter of time before Ireland was sued over energy treaty

Lansdowne Oil and Gas plc is to launch €100m proceedings against the state after Eamon Ryan refused to grant a further exploration licence for the Barryroe field

Barryroe

The Irish government can’t say it wasn’t warned.

Notice of the first case by a fossil fuel company seeking damages under the Energy Charter Treaty last week was considered inevitable by some.

The treaty allows corporations to sue governments for policy decisions around energy – including climate-related decarbonisation plans – that might impact on their profits and their future profits. The treaty has become increasingly controversial in recent years, with multiple EU countries saying they ...