Withdrawal from the Energy Charter Treaty

That this House notes the growing number of European countries withdrawing from the Energy Charter Treaty including France, Germany, Spain and Italy; is deeply concerned about the increasing number of legal cases from fossil fuel companies brought against countries introducing climate policy; notes with concern the impact these legal challenges have on the cost and speed of energy transition; further notes that attempts to modernise the Energy Charter Treaty have failed; recognises the need for a new global framework to incentivise global investment in the renewable energy sector to meet global targets to reduce emissions and reach net zero; and calls on the Government to withdraw from the Energy Charter Treaty and back a new framework replacement Renewables Treaty to drive innovation, cooperation and the greater adoption of renewable energy.