Baroness Falkner of Margravine
Liberal Democrat
To ask Her Majesty’s Government what assessment they have made of the effectiveness of the Energy Charter Treaty.
Baroness Verma
The Parliamentary Under-Secretary of State for Energy and Climate Change
A key provision of the Energy Charter Treaty lies in the protection it offers to foreign energy investments. It protects foreign investors against non-commercial risks such as discriminatory treatment, direct or indirect expropriation, or the breach of individual investment contracts. It is the only multilateral Treaty providing legally binding cover for energy investment related matters. There is evidence of over sixty known investor-state disputes based on the provisions of the Treaty.
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