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energy

Fossil fuel companies claiming 18bn against government climate action in secret courts
28-Oct-2021 Global Justice Now
Courts allow big polluters to sue governments into “a state of climate paralysis”, campaigners say.
Reality check on curbing climate change — trade agreements
28-Oct-2021 The Nelson Daily
Rules accepted under various trade and investment agreements often benefit destructive, extractive industries to the detriment of national and international climate goals and ambitions.
Turkish exporters aim for $50B annual trade with Africa
27-Oct-2021 Daily Sabah
Turkish exporters are aiming to increase annual bilateral trade with Africa from $25 billion (TL 240.43 billion) to $50 billion with the help of agreements in various sectors, the head of the Foreign Economic Relations Board (DEIK) said on Friday.
Congo set to offer tax facility to UAE investors
20-Oct-2021 Khaleej Times
The Democratic Republic of Congo (DRC) will offer a tax facility to the UAE investors and sign an agreement to protect investments and boost bilateral trade between the two countries, says its President.
Making sense of Sudan’s move against Petronas
20-Oct-2021 New Straits Times
Sudan’s government confiscated Petronas’s assets on the grounds that they were acquired "through illegal means" during Omar al-Bashir’s regime. Some argue that Sudan is turning on its allies "under the pretext of fighting corruption".
Petronas files for arbitration over Sudan’s assets seizure
15-Oct-2021 The Malaysian Reserve
PETROLIAM Nasional Bhd (Petronas) has led a request for arbitration at the International Centre for Settlement of Dispute in the absence of positive development on Sudan’s transitional government’s decision to confiscate the company’s assets in Khartoum, Sudan.
Talos Energy files notice with Mexico over disputed oil field
7-Sep-2021 Mexico News Daily
Houston-based Talos Energy intends to fight the decision by the Energy Ministry to designate the state oil company Pemex as the operator of the Zama field, which contains almost 700 million barrels of oil.
Cairn accepts $1 billion refund offer, to drop cases against India within days: CEO
7-Sep-2021 Mint
Cairn Energy will drop litigations to seize Indian properties in countries ranging from France to the US, within a couple of days of getting a $1 billion refund resulting from the scrapping of a retrospective tax law.
Kazakhstan would ‘welcome’ new arbitration in Stati dispute
24-Aug-2021 Emerging Europe
Kazakhstan has welcomed what it calls an opportunity for an independent arbitral tribunal to carry out “a free and fair review of the Statis’ fraud”.
Death by a thousand treaties
20-Aug-2021 The Ecologist
Governments must urgently terminate all international investment treaties in force, in particular the Energy Charter Treaty, and stop negotiating new ones.
NGOs urge Slovenia’s minister to propose EU exit Energy Charter Treaty
19-Aug-2021 Euractiv
Slovenian environmental NGOs have called on infrastructure minister Jernej Vrtovec to use the country’s EU presidency to propose a political discussion on the bloc exiting the Energy Charter Treaty.
Blockading global Green New Deals
19-Aug-2021 The Ecologist
Tackling trade and investment agreements must be an essential step in achieving justice-oriented action on climate change, health inequities and economic injustice.
The Irish Spanish Solar sues Spain in the ICSID for the cut in premiums to renewables
9-Aug-2021 Market Research Telecast
Spanish Solar demands compensation from the Spanish Government for having cut the premiums for the use of energy once the investments have been made.
XL pipeline absurd $15 billion NAFTA ISDS claim
7-Aug-2021 Public Citizen
TC Energy expects to get 15 times more money, coming from taxpayers’ pockets, than the asset losses it experienced from the revocation of a permit, that was already denied twice.
Ex-Yukos unit wins new $5 billion court judgement against Russia
30-Jul-2021 Bloomberg
The Permanent Court of Arbitration ruled that Russia illegally expropriated loans provided by Yukos Capital Sarl to its former parent company.
Outrage as Italy faces multimillion pound damages to UK oil firm
26-Jul-2021 The Guardian
Secretive tribunals allow fossil fuel companies to sue governments for passing laws to protect environment.
Britain’s Cairn gets French court order to seize 20 Indian properties in Paris
8-Jul-2021 The Tribune
The centrally located properties mostly comprise flats, valued at more than EUR 20 million, used by the Indian government establishment in France.
Leaked diplomatic cables show ‘limited progress’ in Energy Charter Treaty reform talks
7-Jul-2021 Euractiv
Little progress has been made to modernise a controversial agreement on energy investments that activists warn could derail decarbonisation efforts in Europe and across the globe, according to leaked documents.
’Disgusting’: Pipeline company files $15 billion claim against US for canceled Keystone XL
6-Jul-2021 Common Dreams
TC Energy Corporation filed for compensation under a free trade provision that allows investors to sue governments if they impede profits.
More than 400 civil society organisations say: Leave the ECT by COP26
6-Jul-2021 S2B Network
More than 400 are calling on political leaders across all European countries to prioritise climate policies, to stick to their climate commitments, and therefore to initiate withdrawal from the Energy Charter Treaty by COP26.