ISDS Case Map
energy
oil, gas, agrofuels
The claimants alleged that Spain had induced foreign investment in renewable energy sources, and then subsequent changes to the regulatory scheme had fundamentally altered and abolished the framework.
France confirmed the decision announced by Macron in October and notified the other signatories of the withdrawal, which will take effect on January 1, 2024.
In a settlement agreement, Guatemala agreed to pay approximately US$46 million to Teco Holdings LLC, in order to conclude the investment arbitration that the company filed against Guatemala in November 2010.
The Energy Charter Treaty protects companies that invest in fossil fuels. A growing number of countries are withdrawing from it, while Switzerland continues to thwart the energy transition.
After the withdrawal of eight EU member states, the European Commission has little prospect of reviving stalled talks to modernise the 1998 Energy Charter Treaty.
The Centre québécois du droit de l’environnement is delighted that an ICSID Arbitral Tribunal decided, on November 21, 2022, to reject the claim for approximately $150 million by the American company Lone Pine Resources Inc.
Arctic miner GreenX to pocket £740m in damages from Polish government.
The Dutch government will not have to pay damages to energy giants RWE and Uniper, a Dutch court in The Hague ruled.
The conference expects to meet ad hoc in April 2023 to finalise the discussion on the adoption of the amendments to the ECT.
The European Parliament has adopted a resolution calling on the European Commission to initiate the process toward a coordinated exit of the EU from the Energy Charter Treaty.
