Energy Charter Treaty

Department for Business, Energy and Industrial Strategy written question – answered on 17th June 2022.

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Photo of Kenny MacAskill Kenny MacAskill Alba, East Lothian

To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the potential merits of the UK engaging in a coordinated withdrawal from the Energy Charter Treaty alongside other European nations.

Photo of Greg Hands Greg Hands The Minister of State, Department for Business, Energy and Industrial Strategy

The Government considers that it is important to remain a Party to the Energy Charter Treaty and support its modernisation, as the Government believes that a renegotiated Energy Charter Treaty will remain valuable in supporting clean energy investment in the future.

The Government welcomes the role of the Energy Charter Treaty in ensuring consistent legal protection for UK investors operating abroad. This allows UK companies, investing in countries that have signed the Treaty, to enjoy more protection for their assets, including those involved in renewable energy production.

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