energy

oil, gas, agrofuels

Spain tells World Bank it will not pay €2-billion ICSID awards for renewable energy debts
The World Bank has sent a de­vas­ta­ting letter to the Spanish go­vern­ment to de­mand pay­ment of the awards that con­demn our country to com­pen­sate the in­ves­tors af­fected by the re­tro­ac­tive with­drawal of the pre­miums granted to re­ne­wable ener­gies.
Italy: Rockhopper provides an update on its ICSID arbitration with Italy
Tribunal orders Rockhopper & Italy to mitigate the risk of non-recoupment by Italy with the anticipation of the Stay being lifted.
Green light for enforcement of investor-state arbitration award in Australia
The decision recognised and enforced an ICSID arbitration award obtained by a renewable energy investor against the Spanish Government for €101 million.
Denmark to withdraw from Energy Charter Treaty
Denmark will withdraw from the Energy Charter Treaty as it creates more uncertainties about investments than certainties, the Danish government announced.
Ukraine's Naftogaz says Russia told to pay $5 billion for seizing Crimea assets
Ukraine's state-owned gas company Naftogaz that Moscow had been ordered by an arbitration court in The Hague to pay $5 billion in compensation for unlawfully expropriating its assets in Russian-annexed Crimea in 2014.
Rough trade
UK accession to Pacific trade deal empowers fossil fuel firms to sue governments.
UK court may seize Spanish sovereign assets amid international arbitration quagmire
The claims have been brought forward under the Energy Charter Treaty, an international convention which allows companies to sue signatory countries over decisions that affect their energy investments.
Reuters: US ultimatum to Mexico over energy dispute imminent
The United States intends to issue an ultimatum to Mexico in the coming weeks as it seeks to make progress in a dispute over the latter’s nationalistic energy policies.
Ecuador denounced at the Inter-American Commission on Human Rights for interference in the Chevron Case
Although the Dutch courts have yet to issue a final ruling on the appeal for annulment filed by the State Attorney’s Office, the Government of Ecuador is already complying with the arbitration award as if it were in force.
EU eyes Africa; 'we are grateful' to Algeria's gas supply: Borrell
The European Union's representative for foreign affairs and security policy, Josep Borrell, began a visit to Algeria on Sunday, the first of its kind since he took office in December 2019.