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Romania wins EUR 256 mln arbitration with solar parks investors
21-Jan-2025 Romania-Insider
Romania has won an international arbitration case brought by investors in renewable energy, avoiding EUR 256 million in claimed damages.
Commission must stop Energy Charter Treaty hijacking EU climate policy
18-Dec-2024 Euractiv
The Energy Charter Treaty allow fossil fuel investors to sue EU member states before international arbitral tribunals to challenge climate mitigation measures. This legal mechanism is increasingly weaponized by the industry.
“Shocking and sad”: how corporations use investment agreements to block decarbonisation in the Global South
12-Dec-2024 Land and Climate Review
Experts talk about investor-state dispute settlements, which allow fossil fuel companies to bring multi-billion dollar lawsuits against countries that pass green policies.
Civil society organisations push for transformative global investment rules
11-Dec-2024 SOMO
The Entebbe Declaration calls for justice and sustainability in global investment governance.
The Energy Charter Treaty remains the most dangerous investment treaty to the energy transition
4-Dec-2024 E3G
Our ranking reveals that the Energy Charter Treaty remains the most dangerous investment treaty to the energy transition by protecting over 300 megatonnes (Mt) of greenhouse gas emissions.
Energy Charter Treaty modernisation adopted, still undermines climate action
3-Dec-2024 Friends of the Earth Europe
Even after modernisation, the ECT continues to undermine European and global climate policies.
Azerbaijan files arbitration claim against Armenia for violating Energy Charter Treaty
25-Nov-2024 Caspian News
Azerbaijan filed a Statement of Claim with the Permanent Court of Arbitration against Armenia, as part of the international legal proceedings from February 2023, detailing Yerevan’s violations of Baku’s sovereign rights over its energy resources in the once-occupied territories.
Kenya’s energy goals could be jeopardised by foreign treaty, say experts
23-Oct-2024 The Standard
Critics argue that the ECT, designed to protect foreign investments, contains vague provisions that allow multinational corporations to sue governments for lost profits due to policy changes.
ExxonMobil sues the Netherlands over gas field closure
11-Oct-2024 SOMO
The multinational disagrees with the decision that gas production in the Dutch province of Groningen will be shut down early.
Australian mining firm trumps Poland in arbitration
9-Oct-2024 iclg
Invoking the Australia-Poland bilateral investment treaty, together with the Energy Charter Treaty, Green X has been awarded hundreds of millions of dollars over a thwarted mining project.
Investors sue Finland for attempt to curb power transmission prices
1-Oct-2024 XM
Investors in Finland’s largest power distributor Caruna are taking the Nordic country to arbitration, the Finnish foreign ministry said, due to the Finnish Energy Authority’s attempt to curb rising power transmission prices for ordinary consumers.
Opponents of controversial energy investment treaty to go after old agreements
26-Sep-2024 Euractiv
Having pushed the EU out of the controversial Energy Charter Treaty, pressure groups and MEPs are now aiming for the legacy of over 1,000 bilateral investment agreements signed over decades.
Why Switzerland is diverging from Europe on a key energy treaty
18-Jul-2024 Swiss Info
The European Union will withdraw from the Energy Charter Treaty, an international agreement that protects investments in coal and oil. But Switzerland is sticking to the agreement which scientists considered incompatible with climate goals.
EU notifies exit from Energy Charter Treaty and puts an end to intra-EU arbitration proceedings
2-Jul-2024 European Commission
The EU has taken the final step to exit the Energy Charter Treaty; the Union and its Member States have also reached a formal agreement to put an end to the continuation of intra-EU arbitration proceedings under the ECT.
Russia’s President approves free trade agreement between EAEU, Iran
14-Jun-2024 Al Mayadeen
Russian President Vladimir Putin has approved a law ratifying the free trade agreement between the Eurasian Economic Union and Iran. The final stages of negotiations for the establishment of a free trade zone with Egypt and are also underway.
Historic victory: Council gives green light for EU withdrawal from climate-wrecking Energy Charter Treaty
31-May-2024 CAN Europe
The Council of the EU adopted a historic decision to withdraw the European Union from the Energy Charter Treaty, an international investment treaty from the 1990s increasingly used by the fossil fuel industry to sue governments over their climate and energy policies.
Berkeley seeks $1 bln in damages from Spain over uranium mine dispute
29-May-2024 Reuters
Australian mining group Berkeley Energia filed a request for an arbitration to seek $1 billion in damages from the Spanish government after it refused to give final approval for its uranium mine project.
The tide is turning against the global court for corporations – ISDS
8-May-2024 PSI
After a decade long struggle by PSI and affiliates against trade rules that put corporate profits before people, victory is in sight!
The global laws that help corporations block climate action
6-May-2024 Jacobin
Companies have long used international treaties to try to prevent Global South countries from asserting economic sovereignty. In recent decades, corporations have used such laws to stymie European governments’ attempts to tackle the climate crisis.
Berkeley to take uranium mine dispute with Spain to arbitration
12-Apr-2024 Mining.com
Australian mining group Berkeley Energia will take its dispute with Spain to international arbitration after the country refused to give final approval to a uranium mine near the city of Salamanca.