Egypt’s parliament has approved a bilateral investment protection agreement with Saudi Arabia, aiming to boost capital inflows, create jobs, and strengthen economic ties between the two nations.
Exxon owes the people of Groningen millions in compensation for damage caused by gas extraction. Thanks to an obscure legal instrument, it could be the residents of the province that end up compensating the fossil fuel giant.
Kosovo will pay over 6.7 million euros to MabCo Constructions, owned by former President Behgjet Pacolli, following a decision by the Arbitration Tribunal in Washington.
Companies can sue governments for closing oilfields and mines – and the risk of huge damages is already stopping countries from passing green laws, ministers say.
Communities and ecosystems across the globe face heavy environmental damage from intensifying mining operations. A people’s tribunal probed the Canadian mining industry’s impact on the natural world and the people defending it.