Energy
First Irish case under Energy Charter Treaty lodged against government over Barryroe oil field
It is understood Lansdowne Oil and Gas plc will be pursuing damages of close to €100 million from the Irish state
A partner of Barryroe Offshore Energy has launched the first Irish case under the controversial Energy Charter Treaty against the government, the Business Post can reveal.
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 government was notified this week of an international legal challenge to its decision not to grant a further licence ...