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A clause in the US–China trade deal presents a big opportunity for the oilsands
China agreed to buy ’petroleum oils and oils obtained from bituminous minerals, crude’ and that could include Canadian crude travelling through the US.
With passage of NAFTA 2.0, Congress boosts fossil fuel polluters, particularly in Mexico
NAFTA 2.0 cleared another hurdle as the U.S. Senate approved the trade deal with bipartisan support.
US-China phase one deal: Washington wants to meet 30% of China’s import needs, non-US suppliers will need to conduct damage assessments
Certain aspects of the soon to be signed US-China “Phase One” trade deal to end the ongoing 18-month trade war between the two nations may not be released to the public.
Gazprom v. Ukraine’s arbitration
Ukraine settled an investment-treaty arbitration with Russian gas company Gazprom.
How ISDS corporate privileges risk to undermine community struggles
Inspiring people fought toxic gold mines, dirty oil drilling and greedy luxury real estate projects. Now, costly investor-state dispute settlement (ISDS) lawsuits risk to reverse their community victories.
Beyond repair? The Energy Charter Treaty
An obscure investment agreement, the Energy Charter Treaty, threatens to undermine bold climate action to transform Europe’s energy system.
Korean company starts arbitration against India
South Korean state owned power utility Kowepo has begun international arbitration proceedings against India in Singapore for not honouring a fuel supply commitment to its Maharashtra power plant.
EU governments under pressure to quit Energy Charter Treaty
Climate campaigners are demanding that European Union countries pull out of the treaty unless they can negotiate an end to the pact’s investor-state dispute mechanism.
Open letter on the Energy Charter Treaty (ECT)
We – 278 environmental, climate, consumer, development, and trade related civil society groups, as well as trade unions – believe that the ECT is incompatible with the implementation of the Paris Climate Agreement.
Investors still waging war with Spain over retroactive cuts
Spain has offered an olive branch in its long-running legal battle with renewables developers. But the fight isn’t over yet.
Andhra Pradesh Energy department quashes claims of international arbitration
Reports claimed that foreign investors threatened to drag Andhra Pradesh to international arbitration for ‘cancelling’ renewable power purchase agreements.
Spain is ordered to pay damages of EUR 290.6 million in NextEra renewable energy case
An ICSID tribunal ordered Spain to pay two Dutch investors EUR 290.6 million in compensation for its breach of the FET standard under ECT
Spain offers green energy investors incentives to drop lawsuits
The government will offer subsidies which will allow investors that abandon litigation to maintain their current profitability rate of 7.39% until 2031.
Spain held liable for breach of FET under the ECT for frustrating legitimate expectations of 9REN, a Luxembourg-based renewable energy investor
An ICSID tribunal held that Spain violated Fair and Equitable Treatment under the Energy Charter Treaty.
Modernizing the Energy Charter Treaty: A make-or-break moment for sustainable, climate-friendly energy policy
In investor–state dispute settlement (ISDS), ironies do occasionally occur. Sometimes they’re bitter. Sometimes they’re carbon-intensive. Sometimes they’re radioactive.
DC arbitration threatens Egypt’s economic revival
Petroceltic, a UK-based global energy company, has initiated arbitration proceedings against the Egyptian General Petroleum Corporation.
Pakistan escapes $1.2 billion penalty as Turkey helps resolve Karkey dispute
The Karkey dispute between the government and a Turkish ship-based energy firm has finally been resolved due to efforts of Turkish government, Prime Minister Imran Khan said.
It’s time to scrap the Energy Charter Treaty
The EU taxpayer is the main loser from the continuation of the Energy Charter Treaty which locks Europe into carbon and energy injustice at a high cost to taxpayers.
Arbitration tribunal delays award in ₹10,247-cr Cairn retro tax case to mid-2020
The tax department had sought ₹10,247 crore in taxes on alleged capital gains made by the company in the internal reorganisation
Estado peruano pagaría US$ 2,000 millones el año 2022 por arbitraje del gasoducto en el CIADI
Peritos contratados por Enagás determinaron que el valor actualizado de los activos del Gasoducto que quedaron en manos del Estado (ductos, maquinarias, etc.) alcanza los US$ 1,980 millones.