Energy Charter Treaty

Energy Security and Net Zero – in the House of Commons at on 28 February 2023.

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Photo of Olivia Blake Olivia Blake Labour, Sheffield, Hallam

What discussions he has had with his EU counterparts on the potential scope of a co-ordinated withdrawal from the energy charter treaty.

Photo of Graham Stuart Graham Stuart Minister of State (Department for Energy Security and Net Zero)

I have not held discussions with EU counterparts on the scope of co-ordinated withdrawal from the energy charter treaty and note that the EU itself does not have an agreed position as yet. We are closely monitoring the situation on the ECT.

Photo of Olivia Blake Olivia Blake Labour, Sheffield, Hallam

The energy charter treaty allows fossil fuel companies to sue Governments for loss of profits caused by decarbonising. Does the Minister agree that any treaty that punishes attempts to tackle the climate crisis is fundamentally wrong? Does he also agree with France, Spain, Germany, Poland, the Netherlands, Luxembourg, Slovenia, the European Parliament and the European Commission that modernising the ECT is impossible and that it is time to participate in a co-ordinated withdrawal from this deeply damaging treaty?

Photo of Graham Stuart Graham Stuart Minister of State (Department for Energy Security and Net Zero)

We were firm proponents of modernising the treaty precisely so that it would not do what the hon. Lady described, but, as I have said already, we will continue to watch the situation closely.