ISDS Case Map
energy
oil, gas, agrofuels
European negotiators, hoping to cut fuel bills, will press their US counterparts in Washington this week on including energy exports in a transatlantic trade pact that aims to integrate two markets accounting for half the world’s economy.
Energy has not been making headlines in the context of these talks, but a TTIP will have far-reaching implications for the energy sector, e.g. with regard to oil sands, LNG and shale gas.
Will Munger, of Utah Tar Sands Resistance, said his group wasn’t trying to get arrested. Instead they were raising their voices against what they fear will be a trade pact that encourages the export of methane gas from the United States to other nations.
Ecuador’s highest court upheld a verdict that US oil company Chevron Corp is responsible for pollution in an Amazon rainforest, but halved the fine imposed in a previous trial to $9.5 billion, a decision the company dismissed as illegitimate.
Argentina has agreed to settle five separate investment treaty arbitration claims at a cost of around USD 500 million, in an historic departure from the Latin American state’s refusal to comply with awards made by international investment treaty arbitration bodies.
The Turkish power firm Karkey Karadeniz Elektrik Uretim (KKEU) has approached the Washington based International Centre for Settlement of Investment Disputes (ICSID) against Pakistan’s water and power ministry and also served a Rs33billion damage notice on the ministry, sources said on Wednesday.
Brussels wants to diversify its energy resources away from Russia. It is offering benefits such as free trade and visa liberalisation and is seeking comprehensive reforms across a range of areas as a precondition for closer ties. But Azerbaijan's human-rights situation is on a rapid decline.
Argentina's Supreme Court revoked a US$19 billion embargo on the assets and future income of Chevron Corp.'s Argentina subsidiary, giving the US oil giant a victory in a decades-old battle with indigenous groups in Ecuador.
US energy giant Chevron is encouraging the United States to pursue a strong investment chapter and investor-state dispute settlement process in the proposed Transatlantic Trade and Investment Partnership with the European Union.
The United States said Friday it will allow exports of domestically produced liquefied natural gas to Japan and other countries to which it is not bound by free-trade agreements, authorizing a plan to deliver shale and other gases from Texas.
