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Ecuador is paying Occidental $980M to settle its lawsuit
12-Jan-2016 Seeking Alpha
Ecuador paid $100M on Dec. 21; will pay another $100M on Jan. 15; $100M on Jan. 31; $200M on Feb. 29; $300M on March 31; and the remainder on April 29.
TransCanada, this is what democracy looks like
11-Jan-2016 Huffington Post
Canadian company TransCanada’s announcement that it will sue the American people for $15 billion perfectly illustrates how today’s corporate-empowering trade policies threaten the way democracy is supposed to work.
Oil giants punish Venezuela through Dutch treaty
8-Jan-2016 Eurasia Review
Venezuela doesn’t want investment treaties anymore if they give investors the right to drag the country before a commercial court. “The system has been set up to break down the nation-state.”
Keystone XL rejection leads TransCanada to sue Obama administration
7-Jan-2016 CBC
Calgary-based company alleges U.S. president exceeded his constitutional powers
Will the TPP set back this campaign to stop a proposed coal mine on Montana tribal land?
6-Jan-2016 Yes
The TPP makes the rights of companies sacrosanct, and that includes the right to mine. But what about the rights of people who live in the way of proposed mining sites?
Move to renewables jeopardized by EU corporate trade deals
10-Dec-2015 TNI
Proposed special rights for corporations in EU trade agreements threaten to prevent the necessary energy transition to tackle climate change according to a new report.
Egypt to appeal $1.76 bln award to Israel in gas dispute, freeze gas import talks
9-Dec-2015 Reuters
Egypt said on Sunday it would appeal an order by international arbitrators to pay $1.76 billion in compensation to state-owned Israel Electric Corp for halting gas supplies.
TTIP vs. climate policy: what is at risk?
2-Dec-2015 Global Development And Environment Institute
TTIP is intended to remove “non-tariff barriers to trade”. But the barriers it is targeting are democratically adopted regulations, preventing or correcting damages that would result from unregulated private markets.
Latin American Parliament supports Ecuador against US oil company
30-Nov-2015 Tele Sur
The resolution calls for an international forum on the implementation of measures to better protect the rights of sovereign countries from exploitative multinationals.
Trade deals could lock in fossil fuel exports to Europe
30-Nov-2015 Rabble
The Natural Resources Defense Council has projected that Europe could be receiving 700,000 barrels of tar sands bitumen a day by 2020.
TTIP talks: EU alleged to have given ExxonMobil access to confidential papers
27-Nov-2015 The Guardian
Documents and emails obtained by the Guardian reveal ‘collusion’ between Brussels and industry over the fossil fuel push in free trade negotiations.
ICSID tribunal renders interim decision on Ecuador’s environmental counterclaim in long-running dispute
26-Nov-2015 IISD
Perenco Ecuador Limited (Perenco)—a French-owned oil and gas company—and the Republic of Ecuador have been involved in arbitration since 2008 under the France–Ecuador bilateral investment treaty (BIT).
Two thirds of European oil refineries ready for tar sands imports
26-Nov-2015 EurActiv
More than two thirds of European oil refineries are now equipped to process tar sands, research has found, raising fears the EU is ready to welcome a flood of imports of one of the most environmentally devastating fuels in production.
Correa: Ecuador has nearly reached agreement on payment to Oxy
23-Nov-2015 Fox
President Rafael Correa said that Ecuador had "practically" reached agreement on the payment of compensation to U.S. oil company Occidental Petroleum.
India, Brazil agree to boost bilateral trade ties
21-Nov-2015 The Dollar Business
The two countries agreed to hold trade monitoring mechanism and CEOs forums to explore potential areas of collaborations.
3 Ways the TPP Will Hurt the Climate—If We Let It Pass
12-Nov-2015 3 Ways the TPP Will Hurt the Climate
The Trans Pacific Partnership is in climate denial - nowhere in its more than 5,000 pages does it mention climate change.
Dissents matter
4-Nov-2015 Todd N. Tucker
Ecuador has been partially relieved of its debt to Occidental, which constitutes a pretty legalistic and conservative application of property rights by a state appointee dissenter.
The rise in arbitration claims filed by renewable energy investors under the Energy Charter Treaty
4-Nov-2015 Lexology
The number of claims filed by renewable energy investors under the Energy Charter Treaty (ECT) has risen significantly.
Ecuador-Occidental arbitration award reduced to $1 bln
3-Nov-2015 Reuters
A World Bank tribunal reduced to about $1 billion the amount Ecuador must pay Occidental Petroleum Corp in compensation for seizing the U.S.-based company’s assets
Ecuador says talking to Occidental to resolve oil assets seizure
2-Nov-2015 Reuters
Ecuador is in talks with Occidental Petroleum Corp to seek an agreement over a roughly $1.77 billion award the Andean country was ordered to pay for seizing the U.S.-based company’s assets in 2006