energy

oil, gas, agrofuels

Luxembourg backtracks on Energy Charter Treaty withdrawal By Frédéric Simon
Luxembourg’s energy minister who used to be at the forefront of calls to withdraw from the Energy Charter Treaty, has backtracked on his earlier statements, saying the EU should first aim to redouble efforts to reform.
Should the European Union fix, leave or kill the Energy Charter Treaty?
While withdrawing, EU Member States could attempt to negotiate out of the sunset clause but would be subjected to it unless all other ECT Members agree to relieve them from the application of the clause.
Russia seeks reversal of judgment in Yukos case in Dutch Supreme Court
The Russian side also repeatedly drew attention to the fact that Yukos shareholders have no right to use modern protection mechanisms, since the privatization of the company was accompanied by deception, corruption and tax evasion
Q&A: Int'l arbitration expert on Alberta's threat of 'slam-dunk' case v. USA over Keystone veto
Alberta's Premier said that the Canadian province, which has an equity in the now-canceled Keystone XL pipeline, may seek compensation under investor-protection provisions still in effect under NAFTA
US Chamber slams Mexico power bill as breach of USMCA trade pact
The bill gives preference in electricity distribution to the state-run Comision Federal de Electricidad and seeks to eliminate its obligation to buy electricity through auctions.
France puts EU withdrawal from Energy Charter Treaty on the table
The European Union and its member states should draw the consequences of the current stalemate in multilateral talks aimed at reforming the Energy Charter Treaty and consider a coordinated withdrawal, Paris has said
German energy giant RWE uses the Energy Charter Treaty to attack Dutch climate action
RWE has filed an arbitration claim against the Netherlands, seeking compensation for the Dutch decision to phase-out electricity production from coal by 2030.
RWE vs. Netherlands: Undermining climate action
India may offer Cairn oilfield against $1.4 billion arbitration award
For a government struggling to find revenue to boost a COVID-19 battered economy, options of appeal against the arbitration award are limited and it may not have the financial bandwidth for such a payout.
Cairn threatens Indian asset seizures abroad in tax case
UK-based Cairn Energy Plc has threatened that it may be forced to begin attaching Indian assets including bank accounts in different world capitals, unless the government resolves the issue.