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)

Euractiv | 5-Sep-2022
Polonia se ha sumado a los países de la Unión Europea (UE) críticos del controvertido Tratado sobre la Carta de la Energía (Energy Charter Treaty, o ECT), por lo que el gobierno de Varsovia aprobó el proyecto de ley sobre la “rescisión del Tratado sobre la Carta de la Energía”.
CIAR Global | 2-Sep-2022
Perenco confirma que ha registrado el laudo adeudado a Perenco por la República de Ecuador en un tribunal de Singapur y en Reino Unido para hacer valer sus derechos de pago.
Euractiv | 2-Sep-2022
The draft law on the “termination of the of the Energy Charter Treaty” and its protocols was agreed by the Polish government on 10 August and sent to the country’s lower chamber.
Ecologistas en Acción | 29-Aug-2022
Un tribunal arbitral ha decidido que Italia deberá pagar más de 190 millones de euros a la compañía británica Rockhopper Exploration por la denegación de un permiso para construir una plataforma petrolífera.
Benzinga | 29-Aug-2022
Cette action permettrait de geler les comptes équatoriens dans ces juridictions et de saisir les paiements et les créances commerciales, afin de satisfaire la la sentence arbitrale impayée.
Asia One | 29-Aug-2022
This action would allow for Ecuadorean accounts in these jurisdictions to be frozen and trading payments and receivables to be seized, in order to satisfy the outstanding award debt.
Reuters | 25-Aug-2022
Una corte de Estados Unidos confirmó en una decisión el viernes el laudo de US$ 8.750 millones otorgado por un tribunal a la petrolera estadounidense ConocoPhillips por la expropiación de sus activos en Venezuela.
The Guardian | 25-Aug-2022
Italian government ordered to compensate UK firm after exploration forbidden within 12 miles of coast.
Ecofin | 24-Aug-2022
La compagnie minière Montero Mining réclame 90 millions de dollars canadiens comme dommages et intérêts en réparation du préjudice causé par l’expropriation du projet de terres rares Wigu Hill en 2018.
Junior Mining Network | 24-Aug-2022
Montero Mining and Exploration Ltd. is seeking compensation of CAD$ 90 million from Tanzania over the expropriation of the Wigu Hill Rare Earth Element Project.

0 | 10 | 20 | 30 | 40 | 50 | 60 | 70 | 80 | ... | 1660