Department for Business, Energy and Industrial Strategy written question – answered at on 20 December 2022.
To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the potential risk of investor-state dispute settlement provisions in the Energy Charter Treaty on delivering climate action.
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. It also extends the scope to protection of green technologies required for the global energy transition and allows Contracting Parties to phase-out their investment protection for fossil fuels in line with their decarbonisation targets.
Yes0 people think so
No0 people think not
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