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energy

From solar dream to legal nightmare
2-Jun-2022 TNI
How financial investors, law firms and arbitrators are profiting from the investment arbitration boom in Spain.
UK-wide protests over £11bn legal threat to climate goals
23-May-2022 Global Justice Now
UK government urged to exit controversial Energy Charter Treaty, dubbed ‘the fossil fuel industry’s secret weapon’.
A protest is taking place in Salisbury city centre today
19-May-2022 Salisbury Journal
Protestors will be gathering to march to the Rockhopper Exploration headquarters. The company is suing the Italian government for £236 million due to its refusal to allow oil drilling off the Adriatic Coast.
The danger of corporate courts to green transition
19-May-2022 Brig Newspaper
Global Justice Stirling is holding a rally against corporate courts in front of Buchanan Galleries in Glasgow.
Talos Energy pauses Mexico oil arbitration bid amid high-level talks
18-May-2022 Reuters
US-based oil producer Talos Energy has temporarily suspended pursuit of an arbitration claim against Mexico amid high-level talks over one of the country’s flagship offshore projects.
Europe edging closer to withdrawal from Energy Charter Treaty
17-May-2022 Euractiv
More European Union countries have shown signs of impatience with the ongoing reform of the Energy Charter Treaty, which critics say impedes efforts to phase out fossil fuels, according to leaked diplomatic cables.
How treaties protecting fossil fuel investors could jeopardize global efforts to save the climate – and cost countries billions
6-May-2022 The Conversation
We estimate that countries would face up to $340 billion in legal and financial risks for canceling fossil fuel projects that are subject to treaties with ISDS clauses.
ISDS landscape in Latin America for 2022
21-Apr-2022 Kluwer Arbitration Blog
ISDS in Latin America is here to stay. While disputes in sectors such as pensions and telecoms are becoming more common in the region, we expect to see a ripening of COVID-related, tech and energy disputes.
Climate change expert report warns that ISDS can block climate action
6-Apr-2022 AFTINET
For the first time, the Intergovernmental Panel on Climate Change (IPCC) has warned that climate action is being jeopardised by trade agreements which give global corporations the right to sue governments.
‘Renewable’ energy in Tunisia: an unjust transition
1-Apr-2022 TNI
Following the principles set out in the ECT, the EU is seeking to deepen liberalization in order to standardize the Tunisian legislative framework through FTA negotiations.
Calls to ditch ’ecocide treaty’ after failed reform efforts
24-Mar-2022 EU Observer
Environmentalists and energy experts have been warning for years over an obscure trade deal that could lock Europe into decades of fossil fuel use.
Energy Charter Treaty (ECT) reform: Why it has failed to deliver on the EU’s own objectives
4-Mar-2022 Both Ends
From a climate perspective, the expected reform outcome is a failure. No Contracting Party will end investment protection for fossil fuels in a timeline that is necessary to align with the Paris Agreement.
Trade agreements must be climate-focused, new IPCC report shows
1-Mar-2022 Policy Options
Governments need to repair the incoherence between climate objectives and the emissions-intensive trajectory of the global economy.
An energy investment treaty has been holding Nord Stream 2 hostage
28-Feb-2022 Climate Home News
The German government has been worried about being sued by the fossil fuel companies behind the Russian gas pipeline under the Energy Charter Treaty.
India pays back Cairn Rs 7,900 crore to settle over 7-year-old retro tax dispute
25-Feb-2022 The Times of India
The company, which is now known as Capricorn Energy PLC, in a statement said it has received "net proceeds of $1.06 billion", of which nearly 70 per cent will be returned to the shareholders.
Monterra Energy to seek $667 mln in damages from Mexico for port closure
23-Feb-2022 Reuters
Monterra Energy plans to pursue legal action against Mexico and seek damages of about $667 million for the "unlawful" closure of its Tuxpan fuel imports terminal in the Mexican state of Veracruz for five months.
A Koched-up NAFTA lawsuit
22-Feb-2022 CCPA
Koch claims that Ontario’s abrupt cancellation of its cap-and-trade system in 2018 violated the NAFTA Chapter 11 minimum standard of treatment and expropriation clauses.
Canada’s Alberta province files trade challenge over scrapped Keystone XL pipeline
10-Feb-2022 Reuters
The Canadian province of Alberta formally initiated a trade challenge to recover its investment in the Keystone XL oil pipeline, which was scrapped in 2021 after the United States cancelled a key permit.
UK, Switzerland accused of undermining EU green treaty reforms
26-Jan-2022 Climate Home News
Campaigners say the UK and Switzerland are defending fossil fuel interests in Energy Charter Treaty modernisation talks to tempt firms to relocate their HQs.
Investor–state disputes in the fossil fuel industry
24-Jan-2022 IISD
The fossil fuel industry is the most litigious industry in the ISDS system by number of cases, accounting for almost 20% of the total known ISDS cases across all sectors.