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.
Countries party to the Energy Charter Treaty are under yet more pressure to reform the agreement following the Cop26 climate summit, as they weigh the benefits of climate action against the likelihood of getting sued.
Under the Energy Charter Treaty, investors can sue governments for loss of future profits. Champions say this will be an ‘indispensable tool’ for the green transition.
African nations should not be expected to take the lead in addressing a climate emergency they did not create. The priority for Africa is to receive support and investment to build resilience and adapt to climate impacts.
Las empresas extractivas no sólo son las que más utilizan el sistema de solución de controversias inversionista-Estado (ISDS por sus siglas en inglés), sino que también reciben las mayores recompensas.
Five fossil fuel companies are already known to be seeking over $18 billion in compensation from governments over energy policy changes and most of these have been brought via the Energy Charter Treaty.
L’entreprise TC Énergie a déposé une demande d’arbitrage en vertu des règles de l’ALENA demandant au gouvernement américain une compensation financière pour avoir annulé la construction du pipeline Keystone XL.