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Early trade agreement, bilateral trade of USD 500 bn by 2030, stronger energy partnership: PM Modi & President Trump set bold new goals
The first tranche of a mutually beneficial, multi-sector Bilateral Trade Agreement (BTA) is expected by fall of 2025.
US offers Ukraine economic partnership in ‘exchange’ for support
US Treasury Secretary Scott Bessent presented an economic partnership agreement to President Volodymyr Zelenskiy during his visit to Kyiv.
Vietnam hopes to enhance comprehensive partnership with UAE: Deputy PM
Deputy Prime Minister Bui Thanh Son proposed the UAE consider establishing a transit and storage centre for crude oil and petrochemical products in Vietnam, and support the Southeast Asian nation in green transition and renewable energy initiatives.
The Slovak Republic won the arbitration proceedings against the American company Discovery Global LLC
The subject of the dispute was the issue of conducting geological exploration for the purpose of future exploitation of oil and natural gas.
Venezuela loses multi-billion dollar ConocoPhillips ICSID appeal
The US oil giant has launched multiple efforts to collect international arbitration awards against the Caribbean nation.
Romania wins EUR 256 mln arbitration with solar parks investors
Romania has won an international arbitration case brought by investors in renewable energy, avoiding EUR 256 million in claimed damages.
IEU CEPA: A threat to the environment, indigenous peoples, and biodiversity
Indonesia for Global Justice (IGJ) and WALHI (Friends of the Earth Indonesia) released a joint statement raises critical concerns about the proposed Indonesia-EU CEPA. It highlights the potential negative impacts of the agreement, particularly when coupled with Indonesia’s Omnibus Law, on the environment, Indigenous communities, and biodiversity.
Clive Palmer’s foreign investor claims against Australia now $420b
Clive Palmer’s latest claims join a growing global list of ISDS claims by fossil fuel companies defined by the UN and the OECD as threats to the global climate transition.
Zenith Energy wins key decision in ICSID arbitration
In a significant legal development, Zenith Energy Ltd. announced that the ICSID has rejected a request for bifurcation by the Republic of Tunisia in an ongoing arbitration case.
Enagás: ICSID agrees with Enagás in dispute with Peru over GSP and recognises compensation of €186 million
Favourable news for Enagás, although the amount is lower than initially claimed and represents an accounting loss.
GoP receives notice from Halmore power company regarding ‘forced’ negotiated settlement
The government of Prime Minister Shehbaz Sharif has received a formal notification regarding a claim from the owner of Halmore power company.
Commission must stop Energy Charter Treaty hijacking EU climate policy
The Energy Charter Treaty allow fossil fuel investors to sue EU member states before international arbitral tribunals to challenge climate mitigation measures. This legal mechanism is increasingly weaponized by the industry.
How predatory energy developers harassed Hondurans
Honduras’s coup-era government opened the floodgates for predatory energy projects. Now that Hondurans are fighting back, the companies are trying to take them to arbitration.
“Shocking and sad”: how corporations use investment agreements to block decarbonisation in the Global South
Experts talk about investor-state dispute settlements, which allow fossil fuel companies to bring multi-billion dollar lawsuits against countries that pass green policies.
The Energy Charter Treaty remains the most dangerous investment treaty to the energy transition
Our ranking reveals that the Energy Charter Treaty remains the most dangerous investment treaty to the energy transition by protecting over 300 megatonnes (Mt) of greenhouse gas emissions.
Energy Charter Treaty modernisation adopted, still undermines climate action
Even after modernisation, the ECT continues to undermine European and global climate policies.
Azerbaijan files arbitration claim against Armenia for violating Energy Charter Treaty
Azerbaijan filed a Statement of Claim with the Permanent Court of Arbitration against Armenia, as part of the international legal proceedings from February 2023, detailing Yerevan’s violations of Baku’s sovereign rights over its energy resources in the once-occupied territories.
Green colonialism in Western Sahara
Under Moroccan occupation, renewables projects are being used to reinforce dominance
Kenya’s energy goals could be jeopardised by foreign treaty, say experts
Critics argue that the ECT, designed to protect foreign investments, contains vague provisions that allow multinational corporations to sue governments for lost profits due to policy changes.
After intra-EU BITs and the ECT, the EU needs to abandon extra-EU BITs—for legal, energy and climate policy, and political economy reasons
EU members should terminate extra-EU BITs. To facilitate the process, the EU could spearhead an instrument similar to the plurilateral agreement to terminate intra-EU BITs or based on the draft treaty language on termination proposed to UNCITRAL.