Question to the Department for Business and Trade:

To ask His Majesty's Government what assessment they have made of the likely costs of the investor-state arbitration being brought against them by Woodhouse Investment Pte; and what assessment they have made of their exposure to further fossil fuel-linked investor-state dispute settlements in future.

Investor State Dispute Settlement (ISDS) provides an independent means for investors to resolve disputes with states where they believe they have experienced arbitrary, discriminatory, or unfair treatment or expropriation without compensation.

The UK has a longstanding track record of supporting foreign investment, including through fulfilling its obligations in the international investment agreements to which it is a party and has never faced a successful ISDS claim.

The Government maintains that it has acted consistently with domestic and international law obligations in the case of the legal challenges. In view of the ongoing proceedings, it would be inappropriate for the Government to comment further at this stage.