RE: New average oil price2 Apr 2026 11:22
Furthermore, the mere threat of costly arbitration proceedings, potentially leading to high damages awards, can serve as a powerful deterrent and may influence states to modify or revoke policies. This chilling effect,[3] as documented in various studies, underscores the far-reaching implications of the ECT’s ISDS mechanism, as it encourages states to pursue settlements or abandon regulatory measures, even in the absence of a clear and definitive legal defeat.
From Recent Fossil Cases under ECT. I like that last sentence. LOGP could hardly have a clearer case.