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UK Energy Charter Treaty withdrawal announced by government

( February 22, 2024, 13:16 GMT | Official Statement) -- MLex Summary: Energy investors in the UK saw the British government announcing the country’s withdrawal from the Energy Charter Treaty — an international agreement that protects energy-related investments — due to failure to update it in line with green policy objectives. Protections for new investments will be removed one year after the withdrawal process is formally kick-started by the UK, but existing investments will remain protected for another 20 years. The decision follows a long standstill on the modernization of the treaty and the withdrawal of several EU member states....

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