ENERGY COMPANY VATTENFALL IS SUING GERMANY FOR PHASING OUT NUCLEAR POWER Germany is currently phasing out its Nuclear power stations and replacing it with renewable energy sources. In a secret court, the company is demanding a whopping 4.7 billion Euros in compensation. This lawsuit could have massive repercussions for other European countries turning towards renewable energy to replace traditional energy supplies. Vattenfall is not the only one lining up to squeeze Germany for making the right decision. Energy giants RWE and Eon are also demanding millions of Euros. We can’t let energy companies get away with this and force our democratically elected governments to their knees. After the tragedy in Fukushima, Germany started taking a closer look at some of its nuclear power plants to avoid a similar catastrophe. Two decisions were made. First, they shut down old and malfunctioning reactors immediately. Second, the government decided on a phase-out of nuclear energy by 2022 and a move towards renewables. These decisions turned Germany into a leader on renewable energy production worldwide almost overnight. Germany is planning to have 80% of its energy provided by renewables by 2050. The new policy also aspires to increase energy efficiency by 50% and reduce carbon emissions by 80%. A win for the planet, the people and our children. For once, it is big business who stands to lose. And Vattenfall and Co. want to make sure they don’t go down without a fight. Vattenfall is suing Germany for billions in an international arbitration court in Washington. And the game is rigged. These secret investor court heartings are taking place behind closed doors. The tribunals are biased in favour of investors, with corporate lawyers often acting as the judges and parties. Vattenfall is one of the biggest energy companies in Europe. It’s doing badly financially, and is extremely vulnerable to public opinion. It cannot afford to lose any more customers right now. If we stand together as Europeans and demand that Vattenfall drop the lawsuit against Germany, we will stand a chance! action.sumofus.org/a/vattenfall-lawsuit/?akid=8267.6337324.TBdvtZ&rd=1&sub=fwd&t=1
Posted on: Thu, 04 Dec 2014 12:35:01 +0000
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