Do Embarkation Points Carry Over?

[Padre]

If I use all but two of my EPs with a new settlement will I gain them on my next one, or are they lost forever?

[el Darkness]

They are lost.
There is exception though, if you win a game next to negative modifier, you can choose a reward. One of the rewards grants you additional, special embarkation points that are not replenishable. You can bank them and use all at the same time.
But normal embarkation points are replenishable and do not carry over, you should always use them.

[Padre]

Understood. Thanks!