energy

oil, gas, agrofuels

Vienna-backed Austrian firm wields controversial energy treaty against Kyiv
AMIC Energy, an Austrian private equity firm, is threatening to sue Ukraine based on the Energy Charter Treaty after its assets were seized by Kyiv over the company’s close ties to Russia.
US may face $15 billion penalty for rejection of Keystone XL pipeline
The Keystone XL pipeline sparked a movement of activism to put people and the climate over Big Oil. After more than a decade of relentless protests and legal battles, President Joe Biden halted the dangerous pipeline on his first day in office.
Brussels calls for pause in ECT reform talks after losing key EU vote
The European Commission will ask to remove the modernisation of the Energy Charter Treaty from the agenda of an ECT summit on Tuesday 22 November after EU countries failed to reach a majority in favour of reforming the charter.
Berkeley Energia sends notification of dispute to Spain over uranium plant application
Berkeley Energia Ltd. sent a written notification of an investment dispute to the Spanish government following the rejection of its application to construct a uranium-concentrate plant as a radioactive facility at its Salamanca project in November 2021
Slovenia withdraws from Energy Charter Treaty
Slovenia is no longer a party to the Energy Charter Treaty after the Foreign Affairs Committee unanimously endorsed the government’s proposal to withdraw.
Revealed: secret courts that allow energy firms to sue for billions accused of ‘bias’ as governments exit
Secret court set up under energy charter treaty accused of conflicts of interest, self-regulation issues and institutional bias.
Activists rejoice as Berlin announces exit from controversial energy treaty
The German government has announced its intention to withdraw from the Energy Charter Treaty, following similar decisions in other large EU countries, which left activists jubilant.
Huge lawsuits loom over gas market intervention
Massive compensation claims loom over the Australian government’s gas market intervention, with lawyers warning price caps and windfall profit taxes could lead to legal action under trade agreements.
A little threat from my friends: An EU-based company contemplates taking war-torn Ukraine to investment arbitration
The Bureau of Economic Security of Ukraine (ESBU) seized the assets of one of Ukraine’s largest fuel retailers, AMIC Ukraine, the local subsidiary of AMIC Energy, an Austrian private equity firm.
COP27: Planet ransom
Andreas Malm and the Zetkin Collective concluded their book White Skin, Black Fuel by approximating decarbonisation to slavery abolition: as long as fossil fuel capital exists it will ‘resist its own abolition’, just as slaveholding capital did in the past.