Protestors will be gathering to march to the Rockhopper Exploration headquarters. The company is suing the Italian government for £236 million due to its refusal to allow oil drilling off the Adriatic Coast.
Global Justice Stirling is holding a rally against corporate courts in front of Buchanan Galleries in Glasgow.
US-based oil producer Talos Energy has temporarily suspended pursuit of an arbitration claim against Mexico amid high-level talks over one of the country’s flagship offshore projects.
More European Union countries have shown signs of impatience with the ongoing reform of the Energy Charter Treaty, which critics say impedes efforts to phase out fossil fuels, according to leaked diplomatic cables.
We estimate that countries would face up to $340 billion in legal and financial risks for canceling fossil fuel projects that are subject to treaties with ISDS clauses.
ISDS in Latin America is here to stay. While disputes in sectors such as pensions and telecoms are becoming more common in the region, we expect to see a ripening of COVID-related, tech and energy disputes.
For the first time, the Intergovernmental Panel on Climate Change (IPCC) has warned that climate action is being jeopardised by trade agreements which give global corporations the right to sue governments.
Following the principles set out in the ECT, the EU is seeking to deepen liberalization in order to standardize the Tunisian legislative framework through FTA negotiations.
Environmentalists and energy experts have been warning for years over an obscure trade deal that could lock Europe into decades of fossil fuel use.
From a climate perspective, the expected reform outcome is a failure. No Contracting Party will end investment protection for fossil fuels in a timeline that is necessary to align with the Paris Agreement.
Governments need to repair the incoherence between climate objectives and the emissions-intensive trajectory of the global economy.
The German government has been worried about being sued by the fossil fuel companies behind the Russian gas pipeline under the Energy Charter Treaty.
The company, which is now known as Capricorn Energy PLC, in a statement said it has received "net proceeds of $1.06 billion", of which nearly 70 per cent will be returned to the shareholders.
Monterra Energy plans to pursue legal action against Mexico and seek damages of about $667 million for the "unlawful" closure of its Tuxpan fuel imports terminal in the Mexican state of Veracruz for five months.
Koch claims that Ontario’s abrupt cancellation of its cap-and-trade system in 2018 violated the NAFTA Chapter 11 minimum standard of treatment and expropriation clauses.
The Canadian province of Alberta formally initiated a trade challenge to recover its investment in the Keystone XL oil pipeline, which was scrapped in 2021 after the United States cancelled a key permit.
Campaigners say the UK and Switzerland are defending fossil fuel interests in Energy Charter Treaty modernisation talks to tempt firms to relocate their HQs.
The fossil fuel industry is the most litigious industry in the ISDS system by number of cases, accounting for almost 20% of the total known ISDS cases across all sectors.
Oil traders are turning their focus to a potential trade agreement between South Korea and some major Persian Gulf producers that may reduce prices of Middle Eastern crude in the months to come.
A new example of how this secretive corporate court system is undermining climate and environmental policies of EU member states has been brought to light.