bilaterals.org logo
bilaterals.org logo

energy


UK-wide protests over £11bn legal threat to climate goals
UK government urged to exit controversial Energy Charter Treaty, dubbed ‘the fossil fuel industry’s secret weapon’.
A protest is taking place in Salisbury city centre today
Protestors will be gathering to march to the Rockhopper Exploration headquarters. The company is suing the Italian government for £236 million due to its refusal to allow oil drilling off the Adriatic Coast.
The danger of corporate courts to green transition
Global Justice Stirling is holding a rally against corporate courts in front of Buchanan Galleries in Glasgow.
Talos Energy pauses Mexico oil arbitration bid amid high-level talks
US-based oil producer Talos Energy has temporarily suspended pursuit of an arbitration claim against Mexico amid high-level talks over one of the country’s flagship offshore projects.
Europe edging closer to withdrawal from Energy Charter Treaty
More European Union countries have shown signs of impatience with the ongoing reform of the Energy Charter Treaty, which critics say impedes efforts to phase out fossil fuels, according to leaked diplomatic cables.
How treaties protecting fossil fuel investors could jeopardize global efforts to save the climate – and cost countries billions
We estimate that countries would face up to $340 billion in legal and financial risks for canceling fossil fuel projects that are subject to treaties with ISDS clauses.
ISDS landscape in Latin America for 2022
ISDS in Latin America is here to stay. While disputes in sectors such as pensions and telecoms are becoming more common in the region, we expect to see a ripening of COVID-related, tech and energy disputes.
Climate change expert report warns that ISDS can block climate action
For the first time, the Intergovernmental Panel on Climate Change (IPCC) has warned that climate action is being jeopardised by trade agreements which give global corporations the right to sue governments.
‘Renewable’ energy in Tunisia: an unjust transition
Following the principles set out in the ECT, the EU is seeking to deepen liberalization in order to standardize the Tunisian legislative framework through FTA negotiations.
Calls to ditch ’ecocide treaty’ after failed reform efforts
Environmentalists and energy experts have been warning for years over an obscure trade deal that could lock Europe into decades of fossil fuel use.
Energy Charter Treaty (ECT) reform: Why it has failed to deliver on the EU’s own objectives
From a climate perspective, the expected reform outcome is a failure. No Contracting Party will end investment protection for fossil fuels in a timeline that is necessary to align with the Paris Agreement.
Trade agreements must be climate-focused, new IPCC report shows
Governments need to repair the incoherence between climate objectives and the emissions-intensive trajectory of the global economy.
An energy investment treaty has been holding Nord Stream 2 hostage
The German government has been worried about being sued by the fossil fuel companies behind the Russian gas pipeline under the Energy Charter Treaty.
India pays back Cairn Rs 7,900 crore to settle over 7-year-old retro tax dispute
The company, which is now known as Capricorn Energy PLC, in a statement said it has received "net proceeds of $1.06 billion", of which nearly 70 per cent will be returned to the shareholders.
Monterra Energy to seek $667 mln in damages from Mexico for port closure
Monterra Energy plans to pursue legal action against Mexico and seek damages of about $667 million for the "unlawful" closure of its Tuxpan fuel imports terminal in the Mexican state of Veracruz for five months.
A Koched-up NAFTA lawsuit
Koch claims that Ontario’s abrupt cancellation of its cap-and-trade system in 2018 violated the NAFTA Chapter 11 minimum standard of treatment and expropriation clauses.
Canada’s Alberta province files trade challenge over scrapped Keystone XL pipeline
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
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
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
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.