Hat tip to Barry Woods for this story from World Environment News:
Foreign investors in renewable energy projects in Spain have hired lawyers to prepare potential international legal action against the Spanish government over new rules they say break their contracts.
It is unclear how much claims might be worth, but international funds have more than 13 billion euros ($17 billion) of renewable energy assets in Spain and say that the government has reneged on the terms of their investment.
The Spanish Parliament approved a law on Thursday that cuts subsidies for alternative energy technologies, backtracking on its push for green power.
One can hardly blame the businesses for trying, but for the hard-pressed poor in Spain's already ravaged economy, this will be a bitter pill to swallow. When the lights start going out in the UK, we might well see a similar retreat by UK politicians and similar attempts to prevent them in the courts.
Who'd want to be an environmentalist then?