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Letter of solidarity with the victims of Chevron
The signatories of this letter wish to express their rejection of this decision and their support for the people of Ecuador and the organizations that have defended the communities affected by Chevron Texaco.
International tribunal rules for Chevron in Ecuador case
Ecuador found liable for violating international law, supporting fraud and corruption.
US arbitration court can rule on Vattenfall’s German nuclear claim
A US arbitration court has rejected a German government petition that said the panel had no right to rule on a damages claim by Sweden’s Vattenfall. Berlin cited a ruling by the Court of Justice of the European Union.
Energy arbitration in Latin America
Latin American countries have been respondents in approximately 30 per cent of all International Centre for Settlement of Investment Disputes (ICSID) cases.
Malampaya’s P53-B tax case vs gov’t kicks off
Following the arbitral proceedings at the ICC, the government still faces another dispute relative to the Malampaya case at the ICSID, pursuant to the Philippines-Netherlands Bilateral Investment Treaty. Hearings are scheduled October 23-24 this year.
ICSID condemns Egypt to pay €1,735 million to Naturgy and ENI for a gas plant
The Spanish group will seek an agreement with the country to recover normality at the Damietta plant.
Now Carlyle turns to ICSID over $400 million SAMIR claim
Already faced with an arbitration case at ICSID brought by the company’s former owner, Morocco now faces another started on August 22 by giant US asset management group Carlyle.
Mexico President-elect’s oil stance complicates Nafta talks
Some in Lopez Obrador’s team are said to want energy excluded. Negotiators concerned backtracking on oil could derail talks.
The trade deal which fines governments for acting on climate change
An obscure agreement – the Energy Charter Treaty – allows energy firms to sue countries who take action to stop climate breakdown.
Oil firms use secretive court hearing in bid to stop Vietnam taxing their profits
ConocoPhillips and Perenco try to stop £140m levy from sale of oilfields in key case for tax avoidance by multinationals.
Luxembourg fund awarded EUR 53.3 million for FET breach arising out of Spain’s curtailment of renewable energy incentive schemes
An arbitration tribunal found that Spain’s electricity reforms breached its obligation to accord to the investor fair and equitable treatment under the Energy Charter Treaty
Secrecy shrouds cost to Australian taxpayer in controversial trade dispute
US energy company is seeking $350m in compensation in so-called ISDS case over gas turbines in Pilbara.
Freeland calls for NAFTA review of “unfair and illegal” US solar panel tariff
Canadian Foreign affairs minister is asking for a NAFTA review into what she calls “unfair and illegal” 30 per cent American tariffs imposed on Canada’s solar panel manufacturers.
Indonesia, EU to establish most modern trade agreement
The fifth round of talks not only covered discussions on trade in goods but also the trade of services, investments, and other forms of cooperation. Among the specific issues discussed were energy and raw materials.
Enagás demands an arbitration against Peru before ICSID
Enagás has requested a proceeding before the ICSID against the Peruvian state after negotiating for six months without success to reach a friendly agreement in relation to the company’s investment in the Peruvian South Gas Management Project.
Lighthouse looks to use NAFTA talks to greenlight Millennium coal terminal
Millennium Bulk Terminals’ parent company is ramping up lobbying spending related to trade talks with Canada and Mexico as part of a bold effort to get its blocked coal terminal in Longview approved.
Should Canada reject NAFTA? Yes
NAFTA is a corporate rights agreement, not a free-trade agreement in the original sense.
Pakistan suffers setback in Karkey case as stay order vacated
Due to the failure of the caretaker government to deposit Rs15 billion security guarantee, a stay order in favour of Pakistan on the execution of the $846 million arbitration cost awarded to the Turkish firm, Karkey Karadeniz Elektrik Uretim has been vacated.
How the Energy Charter Treaty could have costly consequences for governments and climate action
The Energy Charter Treaty was recently described, somewhat ominously, as “one treaty to rule them all”—ever-expanding and giving the power to corporations “to halt the energy transition.”
In a trade war, Canada’s energy not on the table
Canada is hamstrung by a little-known NAFTA clause that packs a huge climate punch and gives the US first access to most of Canada’s oil and natural gas.