Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, what assessment his Department has made of the potential impact of investor–state dispute settlement provisions in the Colombia–UK Bilateral Investment Treaty on Colombia’s ability to implement climate policies aimed at phasing-out fossil fuels.

The Government values the role played by the UK-Colombia Bilateral Investment Treaty (BIT) in the investment relationship between our countries. Investor-State Dispute Settlement (ISDS) provides an independent means to resolve disputes with states where investors believe they have experienced arbitrary, discriminatory or unfair treatment or expropriation without compensation.

ISDS does not remove a government’s right to regulate in the public interest, nor its obligations to comply with other commitments, including with respect to the environment.