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energy

TC Energy loses $15-billion NAFTA lawsuit against US
19-Jul-2024 The Monitor
The welcome decision shines a light on Canada’s flawed defence in similar investor-state case against Canada.
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.
Dismissal of $15 billion NAFTA legacy case on Keystone XL pipeline is welcome, but billions in egregious claims still remain
17-Jul-2024 Public Citizen
The World Bank has dismissed Canadian oil company TC Energy’s $15 billion ISDS case against the US sought due to lack of jurisdiction.
Samir case : Corral Holding awarded only $150 million of claimed $2.7 billion
16-Jul-2024 Yabiladi
The ICSID dismissed most of Corral Morocco Holding’s claims against Morocco, amounting to $2.7 billion, awarding the group $150 million.
World Bank arbitration tribunal dismisses Emirati oil firm’s EGP 3 bn case against Egyptian government
9-Jul-2024 Enterprise
The World Bank’s ICSID dismissed claims brought against the Egyptian government by UAE-based CTIP Oil & Gas Investment Limited.
SAMIR oil refinery: Morocco rejects $2.7 billion compensation claim from Saudi firm
9-Jul-2024 Morocco World News
Morocco dismissed the claims, maintaining that the businessman was engaging in blackmail and illegal maneuvers to obstruct the liquidation process of Morocco’s sole oil refinery, Samir.
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.
India to get critical mineral access with Australian FTA
2-Jul-2024 MSN
The upgradation of trade agreement between India and Australia will enable greater access to the critical minerals and other capabilities to manage transition to green energy, Australian high commissioner to India Philip Green said.
Dangote Refinery opens opportunity for shipping business, AfCFTA
25-Jun-2024 Business Day
Dangote Refinery is positioning Nigeria for the AfCFTA, which is also creating new trade opportunities between Nigeria and African countries.
Oil giant MOL initiates arbitration process against Croatian state
24-Jun-2024 Hungary Today
MOL has filed a new arbitration case with the International Centre for Settlement of Investment Disputes against the Croatian state.
Biden should end the fossil fuel industry’s secret weapon
11-Jun-2024 Counter Punch
There is an obscure mechanism by which fossil fuel companies maintain their global domination even as their products are destroying our futures.
ISDS courts have helped fossil fuel firms rake in $80 billion in public money
11-Jun-2024 Common Dreams
"ISDS is the secret weapon for fossil fuel companies against climate laws," said one advocate.
EU recognizes Indonesia’s rights to ban nickel ore exports: Minister
11-Jun-2024 Antara News
The Coordinating Minister for Maritime Affairs and Investment, Luhut Binsar Pandjaitan, stated that the European Union (EU) has begun recognizing Indonesia’s rights in banning nickel ore exports.
13 IPEF members ink clean fair economy agreements India to sign after domestic approval
7-Jun-2024 The Week
The government said 13 IPEF (Indo-Pacific Economic Framework for Prosperity) bloc members have signed fair and clean economy agreements, while India will ink the deal after getting domestic approval.
US, Indo-Pacific partners holding talks in Singapore on clean energy
4-Jun-2024 Reuters
The US-led Indo-Pacific Economic Framework is holding a ministerial meeting this week in Singapore, including major firms joining a "Clean Economy" investor forum to boost infrastructure and climate investments across the region.
US, Indo-Pacific partners holding talks in Singapore on clean energy
3-Jun-2024 The Jakarta Post
The US-led Indo-Pacific Economic Framework is holding a ministerial meeting this week in Singapore, including major firms joining a "Clean Economy" investor forum to boost infrastructure and climate investments across the region.
New Sierra Club report: Trading away our climate exposes how trade pacts undermine climate action
3-Jun-2024 Sierra Club
Report urges elimination of ISDS Provisions, calls for stronger trade policies to protect climate.
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.
S. Korea, Indonesia discuss partnership in development of key minerals
27-May-2024 Yonhap News Agency
South Korea’s industry ministry said it has shared ideas with Indonesia on expanding bilateral cooperation in the development of a stable supply chain for key minerals. The two countries vowed to further utilize the bilateral Comprehensive Economic Partnership Agreement (CEPA), as well as global platforms such as the RCEP.
Resisting green colonialism for a just transition
20-May-2024 Global Justice Now
A serious overhaul of how we run the economy and live our lives is needed to tackle the climate crisis – and there are signs that decision makers are recognising the urgent need for a ‘green transition’: a massive shift from fossil fuels to renewable energy systems.