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energy

The European Commission’s palm oil conundrum
28-Feb-2020 East Asia Forum
With new regulatory changes now taking place on the basis of the EU’s Renewable Energy Directive (RED) II of 2018, Indonesia and Malaysia are trying to come to terms with the implications for their global palm oil market strategy and domestic production.
Carlyle vs. Morocco: Here are the Kingdom’s arguments to ICSID
26-Feb-2020 EN24
For the Kingdom, Carlyle did not justify the existence of investments in Morocco. The American group invokes the Morocco-United States free trade agreement while the contracts with Samir concern entities based in the Cayman Islands.
Naftogaz seeks nearly $8 bln for assets expropriated by Russia in Crimea
24-Feb-2020 New Europe
Ukraine’s joint stock oil and gas company Naftogaz said the group seeks nearly $8 billion of compensation for its assets expropriated by Russia in Crimea.
Court reinstates order for Russia to pay $50 bln over Yukos
18-Feb-2020 New York Times
A Dutch appeals court reinstated an international arbitration panel’s order that it should pay $50 billion compensation to shareholders in former oil company Yukos.
ExxonMobil, Canada enter landmark settlement in NAFTA arbitration
13-Feb-2020 Dallas Business Journal
As a long-running dispute between Exxon Mobil Corp. and the government of Canada reached a multimillion-dollar settlement, lawyers for ExxonMobil announced.
US energy secretary hopes Mexico, Canada will help export American coal
10-Feb-2020 Reuters
Canada and Mexico could help export US coal to Asia via USMCA to get around the blocking of shipments by West Coast states, US Energy Secretary said.
Odebrecht takes Peru to arbitration over failed gas pipeline investment
6-Feb-2020 Reuters
Brazil construction company Odebrecht SA has taken Peru to arbitration over a failed $2 billion investment in a gas pipeline.
Pakistan waives off over $1.26mn duty on Turkish company Karkey
30-Jan-2020 Business Recorder
Pakistan approved waiving off all port dues/charges amounting to Rs194,951,059 on 31-1-2020 or till the vessels leave the port accruing against Karkey.
Oil major settles huge capital gains tax bill to Vietnam after Finance Uncovered investigation
27-Jan-2020 Finance Uncovered
When Vietnam signalled it would claim the tax due, oil giant ConocoPhillips issued a pre-emptive legal strike using an arbitration process under the UK-Vietnam bilateral investment treaty.
Vattenfall procedure has cost almost 20 million euros
22-Jan-2020 WirtschaftsWoche
The energy company Vattenfall is demanding compensation from the Federal Republic of Germany. The costs for the arbitration proceedings could exceed 20 million euros this year.
A clause in the US–China trade deal presents a big opportunity for the oilsands
17-Jan-2020 Financial Post
China agreed to buy ’petroleum oils and oils obtained from bituminous minerals, crude’ and that could include Canadian crude travelling through the US.
With passage of NAFTA 2.0, Congress boosts fossil fuel polluters, particularly in Mexico
17-Jan-2020 Inequality.org
NAFTA 2.0 cleared another hurdle as the U.S. Senate approved the trade deal with bipartisan support.
US-China phase one deal: Washington wants to meet 30% of China’s import needs, non-US suppliers will need to conduct damage assessments
15-Jan-2020 China Briefing
Certain aspects of the soon to be signed US-China “Phase One” trade deal to end the ongoing 18-month trade war between the two nations may not be released to the public.
How ISDS corporate privileges risk to undermine community struggles
9-Jan-2020 CEO
Inspiring people fought toxic gold mines, dirty oil drilling and greedy luxury real estate projects. Now, costly investor-state dispute settlement (ISDS) lawsuits risk to reverse their community victories.
Beyond repair? The Energy Charter Treaty
16-Dec-2019 FOEE
An obscure investment agreement, the Energy Charter Treaty, threatens to undermine bold climate action to transform Europe’s energy system.
Korean company starts arbitration against India
10-Dec-2019 Economic Times
South Korean state owned power utility Kowepo has begun international arbitration proceedings against India in Singapore for not honouring a fuel supply commitment to its Maharashtra power plant.
EU governments under pressure to quit Energy Charter Treaty
10-Dec-2019 Forbes
Climate campaigners are demanding that European Union countries pull out of the treaty unless they can negotiate an end to the pact’s investor-state dispute mechanism.
Open letter on the Energy Charter Treaty (ECT)
9-Dec-2019 ECT’s Dirty Secrets
We – 278 environmental, climate, consumer, development, and trade related civil society groups, as well as trade unions – believe that the ECT is incompatible with the implementation of the Paris Climate Agreement.
Spain offers green energy investors incentives to drop lawsuits
27-Nov-2019 Reuters
The government will offer subsidies which will allow investors that abandon litigation to maintain their current profitability rate of 7.39% until 2031.
Pakistan escapes $1.2 billion penalty as Turkey helps resolve Karkey dispute
5-Nov-2019 Business Recorder
The Karkey dispute between the government and a Turkish ship-based energy firm has finally been resolved due to efforts of Turkish government, Prime Minister Imran Khan said.