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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.
Traders eye key trade talks that may boost Mideast oil to Korea
21-Jan-2022 Bloomberg
Oil traders are turning their focus to a potential trade agreement between South Korea and some major Persian Gulf producers that may reduce prices of Middle Eastern crude in the months to come.
Energy Charter Treaty claim pushes Slovenia to weaken fracking rules
17-Jan-2022 Friends of the Earth Europe
A new example of how this secretive corporate court system is undermining climate and environmental policies of EU member states has been brought to light.
Cop26 targets pushed back under threat of being sued
17-Jan-2022 Capital Monitor
Countries party to the Energy Charter Treaty are under yet more pressure to reform the agreement following the Cop26 climate summit, as they weigh the benefits of climate action against the likelihood of getting sued.
Enagás redoubles its fight with the Peruvian Government to recover 400 million invested in a gas pipeline
3-Jan-2022 Market Research Telecast
Enagás considers that the future dividends of this project amount to 186 million dollars that would be added to the almost 400 million that it hopes to recover from the other arbitration.
Mozambique courts Rwandan business community
29-Dec-2021 The New Times
Rwandans are welcome to make the most of Mozambique’s numerous investment opportunities, said the Director General of Mozambique’s investment and export promotion agency.
Energy Charter Treaty: stalled reform fuels EU fears for climate
21-Dec-2021 Investigate Europe
European governments are losing patience in talks to modernise the controversial Energy Charter Treaty (ECT), according to leaked documents.
Investment governance in Africa to support climate resilience and decarbonization
13-Dec-2021 Afronomics Law
African nations should not be expected to take the lead in addressing a climate emergency they did not create. The priority for Africa is to receive support and investment to build resilience and adapt to climate impacts.
The World Bank can’t be trusted to stand up to big fossil fuel companies
24-Nov-2021 Counter Punch
Extractive companies are the most frequent users of the investor-state dispute settlement system (ISDS), making up 29 percent of all ICSID claims in fiscal year 2021.
Keystone pipeline developers seek $15 billion from US for cancellation
23-Nov-2021 BNN
Developers of Keystone XL are seeking to recoup more than $15 billion in damages connected to President Joe Biden’s decision to yank a permit for the border-crossing oil pipeline even after construction began.
Angola ratifies the ICSID Convention: good news for inbound foreign investment
23-Nov-2021 ICLG
On 1 September 2021, Angola’s National Assembly ratified the International Convention on the Settlement of Investment Disputes between States and Nationals of Other States (ICSID).
Landmark ruling reveals misuse of Energy Charter Treaty
18-Nov-2021 EU Observer
The Belgian Appeal Court delivered a landmark ruling in what Kazakhstan’s legal representatives described as "one of the biggest frauds in the history of international arbitration."
Governments risk ’trillions’ in fossil fuel climate litigation
16-Nov-2021 France 24
Governments which enact climate legislation risk being sued for trillions of dollars by fossil fuel companies seeking compensation for lost revenue and stranded assets.
Campaign win: Australia cuts ties with Energy Charter Treaty (ECT)
8-Nov-2021 AFTINET
In a significant step forward in the campaign against Investor-State Dispute Settlements (ISDS), Australia has announced its withdrawal from its signatory status to the Energy Charter Treaty.
Secretive court system poses threat to Paris climate deal, says whistleblower
4-Nov-2021 The Guardian
Treaty allows energy corporations to sue governments for billions over policies that could hurt their profits.
Cairn Energy moves to settle $1 billion tax dispute with India
4-Nov-2021 Mint
The settlement is under the Taxation Laws (Amendment) Act, introduced this year to put an end to 17 tax disputes India has with multinational companies like Cairn and Vodafone Plc.
Missing from the climate talks: Corporate powers to sue governments over extractives policies
2-Nov-2021 Inequality.org
Allowing oil, mining, and gas companies to continue to file expensive lawsuits over environmental regulations could undermine whatever agreements might be reached in the COP26 in Glasgow.
Big Coal tapping obscure treaty could chill green revolution
29-Oct-2021 Bloomberg
Coal plant owners are using this little-known mechanism to try and recoup billions from governments who are forcing them to shut down polluting plants