UK quits treaty that lets oil firms sue government

The UK has decided to withdraw from the Energy Charter Treaty, a controversial agreement that allows oil and gas companies to sue governments for damages if their investments are affected by policy changes.

This move comes as the UK government seeks to uphold its commitment to climate change goals and reduce its reliance on fossil fuels. By leaving the treaty, the UK will no longer be bound by its provisions, which critics argue give too much power to multinational corporations and undermine environmental regulations.

This decision has been praised by environmental activists who have long been calling for the UK to take stronger actions to tackle the climate crisis. However, it has also raised concerns among some in the business community who fear that it could discourage investment in the energy sector.