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Commemoration of 10th anniversary of the first judgment declaring Texaco-Chevron guilty for its crime in the Ecuadorian Amazon
Ten years have passed since the judgment of Lago Agrio. Until today the oil company refuses to comply with the judgement; and, in turn, has chosen to activate a whole system that guarantees corporate impunity.
Shell files arbitration claim against Nigeria over spill dispute
ROYAL Dutch Shell Plc launched arbitration proceedings against the Nigerian government over a long-running community dispute.
EU readies reforms to energy treaty as climate criticisms mount
Some governments have said the bloc should consider quitting the agreement because the treaty could threaten climate goals.
SK Innovation considers arbitration proceedings against Peruvian government
SK Innovation is considering initiating international arbitration proceedings against the Peruvian government for blocking the company’s exit from Camisea Gas Project in Peru.
Q&A: Int’l arbitration expert on Alberta’s threat of ’slam-dunk’ case v. USA over Keystone veto
Alberta’s Premier said that the Canadian province, which has an equity in the now-canceled Keystone XL pipeline, may seek compensation under investor-protection provisions still in effect under NAFTA
US Chamber slams Mexico power bill as breach of USMCA trade pact
The bill gives preference in electricity distribution to the state-run Comision Federal de Electricidad and seeks to eliminate its obligation to buy electricity through auctions.
France puts EU withdrawal from Energy Charter Treaty on the table
The European Union and its member states should draw the consequences of the current stalemate in multilateral talks aimed at reforming the Energy Charter Treaty and consider a coordinated withdrawal, Paris has said
German energy giant RWE uses the Energy Charter Treaty to attack Dutch climate action
RWE has filed an arbitration claim against the Netherlands, seeking compensation for the Dutch decision to phase-out electricity production from coal by 2030.
India may offer Cairn oilfield against $1.4 billion arbitration award
For a government struggling to find revenue to boost a COVID-19 battered economy, options of appeal against the arbitration award are limited and it may not have the financial bandwidth for such a payout.
Cairn threatens Indian asset seizures abroad in tax case
UK-based Cairn Energy Plc has threatened that it may be forced to begin attaching Indian assets including bank accounts in different world capitals, unless the government resolves the issue.
Keystone XL legal risks highlight dangers of putting investors before climate change
The owner of Keystone XL — TC Energy (previously TransCanada) — used NAFTA to launch a US$15 billion lawsuit in 2016 after President Barack Obama cancelled the project.
Cairn Energy’s major investors ask India to honour arbitration
Investors have written to the Indian government as well as the governments of the US and UK seeking adherence to the award of a tribunal at the Permanent Court of Arbitration in The Hague
Analysis: How rich oil firms are using secretive court to fight capital gains tax in developing world
The battle between ConocoPhillips and Vietnam result could mark a significant shift in the way huge multinationals fight off the threat of taxes from desperate revenue authorities in developing countries.
Canada scrambles to salvage Keystone XL as Biden prepares to kill troubled pipeline project
Alberta believes there was a “very solid” legal basis to seek damages under international free trade agreements if the pipeline is effectively killed, said Alberta Premier
Biden’s top trade official should work to protect governments from the rising number of corporate lawsuits
In 2020, foreign investors filed at least 51 known cases demanding huge sums from governments struggling to fight a historic pandemic.
Energy Charter Treaty reform reaches milestone, with little progress to show
A two-day conference of the 54 parties to the Energy Charter Treaty will attempt to move forward in reforming the little-known charter, decried by environmentalists for protecting fossil fuel investments and blocking international efforts to curb global warming.
Busting myths around the Energy Charter Treaty
Amidst growing concerns that the ECT undermines urgent climate action, its corporate profiteers, the ECT Secretariat, and others are spewing propaganda, promoting falsehoods about how the treaty attracts clean investment.
Open letter from climate leaders and scientists to signatories of the Energy Charter Treaty (ECT)
Withdraw from the Energy Charter Treaty because it impedes the transition to clean energy.
Russia suffers new blow in $50 billion Yukos case
The Netherlands’ top court ruled that shareholders in dismantled oil giant Yukos can continue to pursue Russia for $50 billion in compensation pending a final judgement in a long legal saga.
EU Commission could pull out of controversial energy treaty
The European Commission has confirmed for the first time that Brussels could withdraw from the controversial Energy Charter Treaty (ECT), which critics say shields the fossil-fuel industry.