energy

oil, gas, agrofuels

Keystone XL legal risks highlight dangers of putting investors before climate change
The owner of Keystone XL — TC Energy (previously TransCanada) — used NAFTA to launch a US$15 billion lawsuit in 2016 after President Barack Obama cancelled the project.
Cairn Energy’s major investors ask India to honour arbitration
Investors have written to the Indian government as well as the governments of the US and UK seeking adherence to the award of a tribunal at the Permanent Court of Arbitration in The Hague
Analysis: How rich oil firms are using secretive court to fight capital gains tax in developing world
The battle between ConocoPhillips and Vietnam result could mark a significant shift in the way huge multinationals fight off the threat of taxes from desperate revenue authorities in developing countries.
Canada scrambles to salvage Keystone XL as Biden prepares to kill troubled pipeline project
Alberta believes there was a “very solid” legal basis to seek damages under international free trade agreements if the pipeline is effectively killed, said Alberta Premier
Georgia update - serving a notice of dispute
Star Phoenix Group Ltd has formally notified the government of Georgia of the existence of an investment dispute under the Energy Charter Treaty.
L’Echo: Italian businessman seizes Albania’s assets in Belgium
Italian businessmen Francesco Becchetti has stepped up his attempt to get the compensation awarded to him in international arbitration against Albania that he won, but that is under appeal.
Sempra v Argentina: award annulled for manifest excess of powers in failure to apply BIT defence of necessity
Sempra v Argentina: award annulled for manifest excess of powers in failure to apply BIT defence of necessity
Biden’s top trade official should work to protect governments from the rising number of corporate lawsuits
In 2020, foreign investors filed at least 51 known cases demanding huge sums from governments struggling to fight a historic pandemic.
Energy Charter Treaty reform reaches milestone, with little progress to show
A two-day conference of the 54 parties to the Energy Charter Treaty will attempt to move forward in reforming the little-known charter, decried by environmentalists for protecting fossil fuel investments and blocking international efforts to curb global warming.
Busting myths around the Energy Charter Treaty
Amidst growing concerns that the ECT undermines urgent climate action, its corporate profiteers, the ECT Secretariat, and others are spewing propaganda, promoting falsehoods about how the treaty attracts clean investment.