Energy & environment

Most investor-state disputes (ISDS) have concerned environmental matters. Corporations are using the ISDS system found in trade and investment agreements to challenge environmental policies. As of end of 2019, 41% of all ICSID cases were energy and natural resources-related.

Most well-known cases include:

• Lone Pine Resources (US) vs. Canada: the investor challenged Quebec’s moratorium on the controversial practice of hydraulic fracturing, or fracking, for natural gas. The provincial government declared the moratorium in 2011 so as to conduct an environmental impact assessment of the extraction method widely accused of leaching chemicals and gases into groundwater and the air. Case pending (NAFTA invoked).

• Bilcon (US) vs. Canada: the US industry challenged Canadian environmental requirements affecting their plans to open a basalt quarry and a marine terminal in Nova Scotia. In 2015 the ISDS tribunal decided that the government’s decision hindered the investors’ expectations. Bilcon won and received US$7 million in damages, plus interest (NAFTA invoked).

• Vattenfall (Sweden) vs. Germany: in 2007 the Swedish energy corporation was granted a provisional permit to build a coal-fired power plant near the city of Hamburg. In an effort to protect the Elbe river from the waste waters dumped from the plant, environmental restrictions were added before the final approval of its construction. The investor initiated a dispute, arguing it would make the project unviable. The case was ultimately settled in 2011, with the city of Hamburg agreeing to the lowering of environmental standards (ECT invoked).

Photo: Kris Krug / CC BY-NC-ND 2.0

(March 2020)

The Lever | 9-Jun-2022
Oil and gas investors are using investor-state dispute settlement to successfully argue that climate policies are cutting into their profits.
Bon Pote | 8-Jun-2022
Le traité sur la Charte de l’énergie est un accord multilatéral qui permet aux investisseurs étrangers d’exiger jusqu’à plusieurs milliards d’euros des Etats en compensation de l’impact négatif de changements de législation.
CIAR Global | 7-Jun-2022
En un Amicus Brief presentado por la Comisión Europea el 31 de mayo ante un tribunal estadounidense, el órgano europeo argumenta que el laudo dictado contra España viola la legislación de los 27.
TNI | 2-Jun-2022
How financial investors, law firms and arbitrators are profiting from the investment arbitration boom in Spain.
Lexology | 31-May-2022
New Peru President promised to transform the mining sector by granting the State more control and ensuring that local communities in mining regions would benefit from the distribution of profits from the copper-mining industry.
SeeNews | 27-May-2022
Canada’s Gabriel Resources, which holds a licence for the Rosia Montana gold and silver mine, said that it aims to raise $5.6 million from investors, which it will use mainly to finance the costs of an arbitration claim against Romania.
Global Justice Now | 23-May-2022
UK government urged to exit controversial Energy Charter Treaty, dubbed ‘the fossil fuel industry’s secret weapon’.
The Hindu | 20-May-2022
Ras Al-Khaimah Investment Authority’s claim that non-supply of bauxite from Visakhapatnam was in breach of the Bilateral Investment Treaty between India and the UAE was dismissed by the International Dispute Resolution Centre.
Ecologistas en Acción | 20-May-2022
Amigos de la Tierra, Ecologistas en Acción, Greenpeace, SEO/BirdLife y WWF han enviado una carta al Gobierno español pidiendo el abandono inmediato del Tratado de la Carta de la Energía.

0 | ... | 100 | 110 | 120 | 130 | 140 | 150 | 160 | 170 | 180 | ... | 1730