Oireachtas Joint and Select Committees

Wednesday, 22 September 2021

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

EU-Canada Comprehensive Economic and Trade Agreement: Minister for Enterprise, Trade and Employment

Photo of David StantonDavid Stanton (Cork East, Fine Gael)
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I received an email last night from a constituent. It looks like one of these emails that is going around. We probably get many the same ones. It made two points. One was on climate. It referred to the recent Intergovernmental Panel on Climate Change report issuing a code red for humanity, fossil fuels emissions being the main culprit and so on. The argument was made that, should CETA be ratified by all member states, we are locked into a mechanism that allows fossil fuel companies to sue is if climate action plans threaten their profits. The point was made that this is already happening to the tune of $18 billion globally under the Energy Charter Treaty. What is the Minister's view on that? Will he come back to us on that concern a constituent brought forward?