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Ecuador says it has won international arbitration, will avoid $198 million payment to Worley
3-Jan-2024 Reuters
Ecuador’s procurator said the country has won an international arbitration and will not be liable to pay $198 million to engineering firm Worley International Services over oil project contracts.
GCC inks free trade deal with South Korea
29-Dec-2023 Current Affairs
The GCC deepens economic ties with major Asian partners, signing its second FTA this year, highlighting commitment to investment and economic diversification.
Canada pension fund Caisse, Mexico pause arbitration to seek energy resolution
21-Dec-2023 Reuters
Canadian pension fund Caisse de depot et placement du Quebec and the Mexican economy ministry have temporarily suspended an international arbitration procedure to try to reach an agreement.
LNG firm’s $20-billion lawsuit against Canada exposes NAFTA’s toxic legacy
15-Dec-2023 Canada’s National Observer
A company launched a record-breaking NAFTA lawsuit against Canada — confirming the dire threat that investor-state dispute settlement (ISDS) poses to bold climate action.
Who knew Queensland’s richest man is a foreign investor?
30-Nov-2023 The Australia Institute
Clive Palmer’s controversial legal strategies challenge Australia’s trade agreements and environmental laws, and have profound implications for global climate action.
Investor-state dispute settlements: a hidden handbrake on climate action
30-Nov-2023 IIED
To achieve the Paris Agreement’s climate goals, states must move away from fossil fuels. But investor–state dispute settlement (ISDS) — a system that enables companies to take states to international arbitration — can increase the cost of this transition.
Abuja agrees to settlement with ENI over OPL 245
24-Nov-2023 Africa Intelligence
The battle over block OPL 245 between Nigeria and Italian major ENI was suspended on 16 November.
Energy Charter Treaty plans for expansion revealed in recently posted notes
24-Nov-2023 Global Justice Now
Notes from the Energy Charter Treaty Conference reveal plans for the controversial Energy Charter Treaty to expand to more oil-producing countries.
EU, Germany and Denmark sued by oil firm over windfall tax
20-Nov-2023 The Guardian
Officials fear secret courts will block climate action and divert billions into coffers of fossil fuel investors.
South Korea govt eyes EPA with Thailand
20-Nov-2023 Bangkok Post
Talks are underway for South Korea’s Ministry of Trade, Industry, and Energy to enter an Economic Partnership Agreement (EPA) with Thailand.
Energy giant RWE withdraws billion-euro claim against the Netherlands
15-Nov-2023 SOMO
German energy company RWE has announced its intention to withdraw its international arbitration proceedings against the Dutch state at the International Centre for Settlement of Investment Disputes.
US commerce secretary says closed three ’pillars’ of Indo-Pacific talks
15-Nov-2023 Yahoo
IPEF member countries have agreed on terms of the clean energy pillar and on the anti-corruption chapter.
Exclusive: US, Indonesia to discuss potential for deal on EV minerals
13-Nov-2023 Reuters
Indonesia, which has the world’s biggest nickel ore reserves, in September asked the United States to begin discussions for a trade deal for critical minerals so that exports from the Southeast Asian country can be covered under the US Inflation Reduction Act (IRA).
Zenith adds another arbitration case over Tunisia problems
6-Nov-2023 Energy Voice
Zenith Energy has launched international arbitration in Paris against state-owned Entreprise Tunisienne d’Activités Pétrolières (ETAP).
It’s time to exit ISDS: 200+ labor, environment, and other civil society groups urge Biden to eliminate extreme corporate powers from existing trade pacts
3-Nov-2023 Public Citizen
The groups argue that removing ISDS — which has prioritized corporate rights over those of governments, people, and the planet — is needed to protect policies necessary for a clean energy transition.
DTEK energy company claims $ 267 million victory in The Hague against Russia over Crimea assets
3-Nov-2023 Euromaidan Press
DTEK Group prevails in The Hague case, securing a $267 million award from Russia for the confiscation of assets in occupied Crimea.
Ireland must not be subject to anti-democratic ‘corporate courts’ exploitation
24-Oct-2023 DiEM25
There is a coordinated move for EU members to withdraw from the dangerous Energy Charter Treaty but Ireland is refusing to act.
As China seeks to supercharge energy deals in Middle East, Qatar eyes benefits of a free-trade agreement
9-Oct-2023 South China Morning Post
Six Middle Eastern countries, comprising the Gulf Cooperation Council, have been seeking a free-trade deal with China for nearly 20 years.
Energy transition mythbusters: Myth #6
25-Sep-2023 TNI
Investment protection is necessary to encourage energy transition investment.
Mexico must address US’ ’serious concerns’ over energy measures, USTR says
22-Sep-2023 Reuters
A US trade official stressed Mexico’s need to address "serious concerns" from the United States of its energy measures, which were raised during consultations under a regional trade pact, the US Trade Representative’s office said.