Oireachtas Joint and Select Committees

Tuesday, 23 November 2021

Joint Oireachtas Committee on Climate Action

Energy Charter Treaty and Energy Security: Discussion

Photo of Darren O'RourkeDarren O'Rourke (Meath East, Sinn Fein)
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I thank the Chairman and I very much appreciate that. I also thank the witnesses. My apologies to Dr. Saheb as I did not quite hear a couple of figures that she referred to and I may ask her to repeat them. I believe she mentioned that there were €2.15 trillion in stranded assets and also referred to a €1.3 trillion figure. Can she clarify what those figures relate to?

I have a question now for both witnesses. They say that there are 143 ISDS cases ongoing at the minute. Can they give two or three examples of the types of previous cases that have been successfully taken and the implications in fines, or otherwise?

I have a follow-on question which relates to some questions that have already been asked. There has been a suggestion that the ECT can be repurposed to support a decarbonisation strategy, which picks up on the last question that was asked. Do our witnesses feel that this is possible and how might that progress, if at all possible?

I also ask for our witnesses' advice for the Irish Government at this time, based on all their considerations. Do they think it should be advancing the case for a collective withdrawal? What is the state of play? We know where Italy is and we have an indication from France and Spain but where are other countries on that? If that is not the approach, what is the way forward here as they see it? I thank the Chairman and our witnesses.