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Turkish RPP ship: Pakistan breathes $900mn sigh of relief
Pakistan said to have gathered fresh ‘evidence of corruption’ in the procurement of a rental power project (RPP) contract by the Turkish company.
US coal firm launches NAFTA suit against Alberta over coal phase-out
A US coal miner is launching a NAFTA suit against Alberta over its policy to phase out coal in the electricity system by 2030.
Arbitration against the Kingdom of Spain: final award
The net award for Athena Investments amounts to approx. EUR 11M.
How the lobbies used the threat of ISDS to neuter the Hulot Act
The documents highlight for the first time the pressure placed on the French parliament by a foreign company’s threat to use the ISDS mechanism.
Korean utility refers India to arbitration
South Korean utility Korea Western Power Company (Kowepo) has begun arbitration proceedings against India for not honoring a fuel supply commitment to a gas-based power plant that it part-owns in western India
Big oil and gas companies are winners in Trump’s new trade deal
The oil business persuaded the White House to keep a number of features of the old NAFTA, including provisions that help protect US oil companies’ investments abroad and allow for tax-free transport of raw and refined products across borders.
From Quito: Pablo Fajardo & Donald Moncayo
Pablo Fajardo, the lead lawyer for the communities who have been fighting for 25 years for compensation for the severe pollution in the amazon region, and Donald Moncayo, one of the coordinators of the organization that has led this campaign talk about the Chevron case.
Canada-EU trade, one year on: Canada’s imports are rising faster than exports
The fastest-growing exports include inorganic chemicals, mineral fuels and oil (including crude oil) and pharmaceuticals.
Ecuador: Chevron’s victims vow to fight Hague court ruling
Victims of Chevron-Texaco’s pollution of the Ecuadorean Amazon have vowed to fight to protect the ruling which has granted them compensation.
The Permanent Court of Arbitration in The Hague rules against Ecuador, favors Chevron
Ecuador will be forced to pay economic reparations to the oil giant. The over 30,000 affected people in the Amazon haven’t received any compensation.
Letter of solidarity with the victims of Chevron
The signatories of this letter wish to express their rejection of this decision and their support for the people of Ecuador and the organizations that have defended the communities affected by Chevron Texaco.
US arbitration court can rule on Vattenfall’s German nuclear claim
A US arbitration court has rejected a German government petition that said the panel had no right to rule on a damages claim by Sweden’s Vattenfall. Berlin cited a ruling by the Court of Justice of the European Union.
ICSID condemns Egypt to pay €1,735 million to Naturgy and ENI for a gas plant
The Spanish group will seek an agreement with the country to recover normality at the Damietta plant.
Mexico President-elect’s oil stance complicates Nafta talks
Some in Lopez Obrador’s team are said to want energy excluded. Negotiators concerned backtracking on oil could derail talks.
Oil firms use secretive court hearing in bid to stop Vietnam taxing their profits
ConocoPhillips and Perenco try to stop £140m levy from sale of oilfields in key case for tax avoidance by multinationals.
Secrecy shrouds cost to Australian taxpayer in controversial trade dispute
US energy company is seeking $350m in compensation in so-called ISDS case over gas turbines in Pilbara.
Freeland calls for NAFTA review of “unfair and illegal” US solar panel tariff
Canadian Foreign affairs minister is asking for a NAFTA review into what she calls “unfair and illegal” 30 per cent American tariffs imposed on Canada’s solar panel manufacturers.
Indonesia, EU to establish most modern trade agreement
The fifth round of talks not only covered discussions on trade in goods but also the trade of services, investments, and other forms of cooperation. Among the specific issues discussed were energy and raw materials.
Enagás demands an arbitration against Peru before ICSID
Enagás has requested a proceeding before the ICSID against the Peruvian state after negotiating for six months without success to reach a friendly agreement in relation to the company’s investment in the Peruvian South Gas Management Project.
Lighthouse looks to use NAFTA talks to greenlight Millennium coal terminal
Millennium Bulk Terminals’ parent company is ramping up lobbying spending related to trade talks with Canada and Mexico as part of a bold effort to get its blocked coal terminal in Longview approved.