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Shell files new arbitration against the Netherlands over Groningen gas field closure
Shell is suing the Netherlands in yet another attempt to evade its responsibility for decades of gas extraction in Groningen.
Fight over Venezuelan oil highlights shadowy international legal system
Trump said the socialist government “stole” from American oil companies. Those firms have been seeking billions in compensation through a controversial arbitration system.
Corporations are ready to cash in on Venezuela
Before Donald Trump’s capture of Nicolás Maduro, corporations filed lawsuits against Venezuela seeking damages tied to state nationalization, international sanctions, and political instability. A Trump-installed government could tilt the courts in their favor.
Halliburton files ISDS suit against Venezuela for damages resulting from… US sanctions on Venezuela
The US oilfield services company Halliburton quietly filed a suit against Venezuela at the World Bank’s international arbitration court, ICSID.
Latest twist in Chevron’s Amazon pollution saga: Ecuador ordered to pay the oil company $220 million
Indigenous and other Ecuadorians have lived with millions of gallons of toxic pollution from Texaco’s operations for decades. Now, those victims’ tax dollars will go to Chevron, which acquired Texaco in 2001. celebre su derrota.
Between national engine and corporate plunder: the drift of Argentina´s Fiscal Oilfields YPF
The YPF case exposes the inconsistencies of the international investment protection system, which enables large corporations to engage in predatory practices, creating severe macroeconomic problems for Argentina.
NGOs call on Government to leave Energy Charter Treaty as new claim emerges
Civil society groups are calling on the Government to leave the Energy Charter Treaty (ECT) and reject ISDS, as a new threat emerges over the government’s refusal to grant an exploration licence to an oil and gas company.
Luxembourg eco-investors helped sink condemned energy treaty
Funds used fossil-fuel friendly tool to fight back when countries pulled renewable energy incentives, hurting their green investments.
India signs US gas deal amid trade tensions, Russian oil fallout
The agreement for 2.2 million tonnes per annum aims to diversify India’s energy imports, even as US tariffs and Russian oil restrictions continue to complicate bilateral relations.
K-Electric: Govt facing arbitration threat from Saudi, Kuwaiti investors
The Government of Pakistan is facing a potential threat of arbitration from Saudi and Kuwaiti investors, key shareholders in K-Electric, who have already served a USD2 billion notice on Islamabad.
Petrogas sues the Netherlands over fiscal measures meant to protect the public interest
SOMO and Both ENDS strongly condemn the newly revealed investor-state dispute settlement case filed by Petrogas, an Omani oil and gas company operating two shallow-water gas fields in the Dutch North Sea, against the Netherlands.
Dutch Supreme Court rejects Russia’s final appeal in $50B Yukos case
The Dutch Supreme Court on Friday rejected a final appeal by Russia against a $50 billion arbitration award to former shareholders of Russian oil giant Yukos, who claimed Moscow deliberately bankrupted the company more than 20 years ago.
Singapore, Chile and New Zealand launch negotiations for new green trade pact
Singapore, Chile and New Zealand have launched negotiations for a green trade pact which could include cooperation in areas like sustainable aviation fuel, carbon credits and renewable energy certificates.
India, US to hold trade talks as New Delhi seeks higher energy imports
India and the United States are set to hold trade talks this week, with New Delhi pledging to import US energy and gas as it aims to address Washington’s concerns over its Russian oil purchases, an official said.
ETJC statement on Clean Trade and Investment Partnerships (CTIPs)
These fast track trade deals risk serving the business interests of transnational corporations instead of contributing to more sustainable trading relationships.
Portugal’s Galp takes step to start arbitration over Mozambique capital gains tax dispute
Galp says it has formally notified the State of Mozambique of a dispute under the international reciprocal promotion and protection of investments.
Tunisia: Zenith Energy claims USD 573 million
Zenith Energy Ltd. announced Monday that its UK subsidiaries have filed their final submissions in an ongoing international arbitration case against the Republic of Tunisia before the International Centre for Settlement of Investment Disputes (ICSID) in Washington.
Exxon and Shell sue the Netherlands in secret tribunals for closing Europe’s biggest gas field
Following billions in profits and over a thousand gas extraction-related earthquakes, the oil and gas giants filed claims against the Dutch state in four separate investor-state disputes concerning compensation for home damages and the permanent closure of the Groningen gas field.
Gas company accuses Tanzania over project breakdown
Tanzania will have to defend allegations that it is trying to force a foreign energy company out of a USD 1.2 billion gas production project.
Record number of corporate lawsuits target climate action in controversial tribunal
Fossil fuel and mining companies are ramping up lawsuits against governments over environmental rules, using a controversial arbitration mechanism that critics say is skewed in industry’s favour and jeopardises global climate action.