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energy

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 $1.2 billion penalty as Turkey helps resolve Karkey dispute
5-Nov-2019 Business Recorder
The Karkey dispute between the government and a Turkish ship-based energy firm has finally been resolved due to efforts of Turkish government, Prime Minister Imran Khan said.
It’s time to scrap the Energy Charter Treaty
30-Oct-2019 Euractiv
The EU taxpayer is the main loser from the continuation of the Energy Charter Treaty which locks Europe into carbon and energy injustice at a high cost to taxpayers.
Estado peruano pagaría US$ 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.