Fossil fuel companies alone have launched over 300 ISDS cases, seeking over $80 billion in damages for climate-related policies aimed at phasing out oil, gas, and coal.
ICSID has released its FY 2025 caseload statistics, unveiling new data on damages including the difference between damages claimed and damages awarded.
The billionaire’s last three cases are part of a growing global list from fossil fuel companies against government decisions to reduce carbon emissions.
With COP30 in Brazil around the corner and with the prospect of Australia co-hosting COP31 next year, a major threat to effective climate action continues to fly under the radar: Investor-State Dispute Settlement mechanisms in trade and investment agreements.
Tens of thousands of people took to the street in a nationwide strike opposing various Canadian-owned mining projects while the Canada-Ecuador Free Trade Agreement could be tabled any day now.
Attorney general says mining magnate is ‘not a foreign investor’ and is ‘not entitled to any benefits under Australia’s free trade and investment agreements’
Zenith Energy Ltd. announced Monday that its UK subsidiaries have filed their final submissions in an ongoing international arbitration case against the Republic of Tunisia before the International Centre for Settlement of Investment Disputes (ICSID) in Washington.
These cases can cost countries (or rather, taxpayers) billions — even when decisions were taken democratically to protect people, the environment, or national security.
Following billions in profits and over a thousand gas extraction-related earthquakes, the oil and gas giants filed claims against the Dutch state in four separate investor-state disputes concerning compensation for home damages and the permanent closure of the Groningen gas field.