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energy

It’s time to scrap the Energy Charter Treaty
30-Oct-2019 Euractiv
The EU taxpayer is the main loser from the continuation of the Energy Charter Treaty which locks Europe into carbon and energy injustice at a high cost to taxpayers.
Estado peruano pagaría US$ 2,000 millones el año 2022 por arbitraje del gasoducto en el CIADI
25-Oct-2019 Gato Encerrado
Peritos contratados por Enagás determinaron que el valor actualizado de los activos del Gasoducto que quedaron en manos del Estado (ductos, maquinarias, etc.) alcanza los US$ 1,980 millones.
’$1.2b penalty in Karkey case likely to be waived’
21-Oct-2019 Express Tribune
International institutions, through high-level backdoor contacts, have agreed to waive off the $1.2 billion penalty Pakistan has to pay to Turkey’s Karkey, senior lawyer Babar Awan said.
Ricardo Salles to meet with European chemical and car giants
30-Sep-2019 Unearthed
Leaked agenda shows Brazil’s environment minister will meet with BASF, Bayer, VW and British fossil fuel and mining interests.
Over $100 million paid to Karkey as penalty, claims Sherry
27-Sep-2019 Business Recorder
Pakistan has paid over $100 million to Turkish rental power company Karkey as a penalty out of $800 million, Senator Sherry Rehman has said.
Nord Stream 2 sues EU using ISDS
27-Sep-2019 Forbes
The company building the controversial Nord Stream 2 gas pipeline from Russia to Germany under the Baltic Sea today sued the European Union over new gas rules it says are threatening its investments in the project.
The Energy Charter Treaty (ECT): Assessing its geopolitical, climate and financial impacts
23-Sep-2019 OpenEXP
The Energy Charter Treaty is a multilateral agreement that grants binding protection for foreign investors and includes also binding provisions for free trade and freedom of transit of energy materials and products.
Netherlands faces ISDS threat after decision to ban coal-based power generation by 2030
16-Sep-2019 AFTINET
German company Uniper has threatened to bring an ISDS case against the Dutch government after a decision to ban coal-based power generation by 2030.
Reko Diq, Karkey cases: Pakistan to challenge verdicts of ICSID: Omar
10-Sep-2019 Business Recorder
Pakistan government is going to challenge the verdicts of International Centre for Settlement of Investment Disputes (ICSID), said Minister for Power Division.
EU to push Australia to clean up petrol standards as part of free trade deal
3-Sep-2019 The Guardian
The European Union wants Australia’s Paris climate commitments enshrined in new FTA.
What the AfCFTA means for the energy sector
28-Aug-2019 Mining Review
Major new opportunities for cross-border energy collaboration arise from the signature of the African Continental Free Trade Area (AfCFTA) agreement.
EU vs. Indonesia: Is it really a trade war?
17-Aug-2019 DW
The European Union has slapped countervailing tariffs on imports of subsidized biodiesel from Indonesia. The southeast Asian country has threatened to retaliate but experts say counter tariffs could be self-destructive.
Spain loses another dispute over premium cuts on renewables
7-Aug-2019 Renewables Now
Spain will have to pay EUR 41 million to German solar investor SolEs Badajoz GmbH for retroactively cutting long-term premiums for renewable energy projects.
Nord Stream 2 takes unusual legal step against the Commission
29-Jul-2019 Euractiv
The Nord Stream 2 pipeline company has asked the Court of Justice of the EU to annul the amendments to the Gas Directive but Nord Stream 2 reserves itself this option of resorting to legal arbitration as well.
Nord Stream 2, EU drifting towards legal arbitration
19-Jul-2019 Euractiv
The European Commission and the Nord Stream 2 gas pipeline company are heading toward legal arbitration in their dispute, with a risk of huge fines for EU taxpayers.
Ascent Resources starts legal action over Petišovci gas field
17-Jul-2019 Total Slovenia News
Ascent Resources plans to lodge an investment treaty arbitration claim under the Energy Charter Treaty.
Connecting the dots: Insane trade and climate chaos
19-Jun-2019 Economics of Happiness
The connection between global trade and the climate crisis is clear. Much of global trade is unnecessary and wasteful - and yet, somehow, it continues to be profitable.
Leaked report reveals ‘misfunctioning’ of Energy Charter Treaty amid EU reform calls
7-Jun-2019 Euractiv
A confidential internal report, obtained by EURACTIV, lists the multiple failings of the Energy Charter secretariat, at a time when the treaty is undergoing a major revision process and is being used by Russia’s Nord Stream 2 pipeline in a first-time legal proceeding against the EU.
Nord Stream 2 invokes Energy Charter Treaty to challenge EU gas link rules
25-Apr-2019 S&P Global
EU plans to extend its internal energy market rules to Russia’s Nord Stream 2 natural gas link to Germany could breach the Energy Charter Treaty, which protects international investors, according to the Swiss-registered company building it.
US company’s attempt to sue Australian government collapses
23-Apr-2019 The Guardian
Florida-based APR Energy sought compensation for treatment of its gas turbines.