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energy

US$15 billion ISDS claim against USA over Keystone XL oil pipeline cancellation
5-Jul-2021 AFTINET
TC Energy has lodged a US$15 billion Investor-State Dispute Settlement claim against the US government.
Ecuador to seek ’payment plan’ for award to French oil company
3-Jun-2021 Reuters
Ecuador has 60 days to make the payment and has already contacted Perenco to start negotiations. In 2020, the country inked a $6.5 billion emergency deal with the IMF.
Ecuadorean state should pay $412 million to Perenco after losing legal dispute
2-Jun-2021 Amico Hoops
The Ecuadorean country will have to face a millionaire sum for Perenco oil company after a ruling by a panel formed under the auspices of the World Bank’s International Center for Settlement of Investment Disputes.
The Cairn $1.4 billion award is patently illegal
31-May-2021 NDTV
The arbitral award has condoned the tax avoidance scheme adopted by Cairn Energy.
Denying India its tax revenue is neo-colonialism. Cairn Energy is the new East India Company!
28-May-2021 The Leaflet
The perverse interplay of BITs with double taxation avoidance agreements has been bleeding India from the much-needed tax revenues.
Energoatom suing Russia to get compensation for assets lost in Crimea
28-May-2021 Unian
The dispute is about the assets it lost in Crimea, including the Donuzlav wind farm, which is now located in the temporarily occupied territory.
US oil service group seeks $100 million from Mexico in arbitration claim
19-May-2021 Reuters
Finley Resources alleges Mexico violated investor protections under the NAFTA trade pact by failing to honor agreements.
We need to rethink investment treaties to ensure a rapid and just energy transition
22-Apr-2021 IIED
It’s time to reconsider investor-state dispute settlement; inaction risks rising costs of shifting from fossil fuels to green alternatives.
Stop the Energy Charter Treaty
21-Apr-2021 Friends of the Earth Europe
This obscure treaty from the 1990s grants sweeping rights and protections to big energy investors – mainly fossil fuel companies.
Energy Charter Treaty strikes again as Uniper sues Netherlands over coal phase-out
19-Apr-2021 Euractiv
German energy company Uniper has confirmed its intention to sue the Dutch government over the country’s planned coal phase-out.
Oil companies don’t deserve reparations for fossil fuel bans. They’ll still want them
19-Apr-2021 The Guardian
Energy conglomerates have recourse to special courts and legal regimes that they helped design – and they won’t go down without a fight.
Arbitration case: Cairn Energy offers to invest $1.2 bn if India relents
12-Apr-2021 Business Standard
Cairn Energy has offered to invest the entire award money in India, which includes the principal amount of $1.2 billion and interest of $500 million if the government agrees to enforce the award.
Ascent Resources starts arbitration process against Slovenia, claims over €100mn damages
24-Mar-2021 Total Slovenia News
The British company pursues its investment treaty claim under the UK-Slovenia bilateral investment treaty and the Energy Charter Treaty.
India files appeal against $1.4-bn Cairn arbitration award
23-Mar-2021 Live Mint
India is believed to have challenged in a court in The Hague an arbitration tribunal verdict that overturned its demand for ₹10,247 crore in back taxes from Cairn Energy Plc — the second time in three months that it has refused to accept an international award against retrospective tax.
Egypt’s Damietta liquefaction plant agreement enters into force
19-Mar-2021 Egypt Today
The Egyptian Ministry of Petroleum and Mineral Resources announced the entry into force of the agreement related to the Damietta Liquefaction Plant, and the settlement of all claims.
India has till mid-April to appeal against Cairn award on limited ground
19-Mar-2021 Business Standard
India has time till mid-April to file an appeal against an international arbitration tribunal ordering it to repay UK’s Cairn Energy Plc USD 1.2 billion-plus interest and cost, but the challenge can only be on limited grounds such as procedure not being followed.
Shell’s legal weapon to threaten a just energy future
11-Mar-2021 Future Beyond Shell
To realise a future beyond fossil fuels, it is imperative to look at how to disentangle the legal shackles that enable companies to frustrate climate policy and shift the burden of their stranded assets onto the shoulders of taxpayers through arbitration claims.
India firms up grounds for appeal in Cairn Award, to file appeal this week
9-Mar-2021 Times Now News
India will be filing an appeal at The Hague this week against the $1.4-billion arbitration award against British oil firm Cairn Energy.
Germany to pay nuclear operators 2.6 billion euros for plant closures
6-Mar-2021 Reuters
Vattenfall will get 1.606 billion euros and agreed to end pursuing a separate damages claim in the World Bank’s ICSID arbitration tribunal.
Take action to end the climate-killing Energy Charter Treaty
23-Feb-2021 CEO
Sign the petition to pull out of the Energy Charter Treaty and stop its expansion to other countries!