Energy Charter Treaty

Department for Business, Energy and Industrial Strategy written question – answered on 2nd December 2022.

Alert me about debates like this

Photo of Julian Sturdy Julian Sturdy Conservative, York Outer

To ask the Secretary of State for Business, Energy and Industrial Strategy, whether his Department has made an assessment of the risk of claims being made against the UK in the context of the Energy Charter Treaty in the next financial year.

Photo of Graham Stuart Graham Stuart Minister of State (Minister for Climate)

The United Kingdom has investment agreements with Investor-State Dispute Settlement (ISDS) provisions with over 90 trading partners, including within the Energy Charter Treaty (ECT). There has never been a successful ISDS claim brought against the United Kingdom.

Negotiations have recently been completed to modernise the investment protection and dispute settlement provisions in the ECT. This modernisation seeks to provide greater clarity on the standards of protection afforded to investors and reduce the scope for claims which lack legal merit. The UK is monitoring developments regarding the adoption of the modernised treaty, including the positions of other Contracting Parties.

Does this answer the above question?

Yes2 people think so

No0 people think not

Would you like to ask a question like this yourself? Use our Freedom of Information site.