Energy & environment

Most investor-state disputes (ISDS) have concerned environmental matters. As of end of 2014, about 41% of all ICSID cases were energy and natural resources-related.

Most well-known cases include:

• Lone Pine Resources (US) vs. Canada: the investor challenged Quebec’s moratorium on the controversial practice of hydraulic fracturing, or fracking, for natural gas. The provincial government declared the moratorium in 2011 so as to conduct an environmental impact assessment of the extraction method widely accused of leaching chemicals and gases into groundwater and the air. Case pending (NAFTA invoked).

• Bilcon (US) vs. Canada: the US industry challenged Canadian environmental requirements affecting their plans to open a basalt quarry and a marine terminal in Nova Scotia. Bilcon won – damages still pending (NAFTA invoked).

• Vattenfall (Sweden) vs. Germany: in 2007 the Swedish energy corporation was granted a provisional permit to build a coal-fired power plant near the city of Hamburg. In an effort to protect the Elbe river from the waste waters dumped from the plant, environmental restrictions were added before the final approval of its construction. The investor initiated a dispute, arguing it would make the project unviable. The case was ultimately settled in 2011, with the city of Hamburg agreeing to the lowering of environmental standards (ECT invoked).

(October 2015)

KolectiVOZ Digital | 7-Dec-2018
Entrevista con Pablo Fajardo, abogado ambientalista de los demandantes a Chevron Texaco en Ecuador, quién nos cuenta sus actuales preocupaciones sobre el caso.
Reuters | 5-Dec-2018
Foreign investors say the tax hikes under the new code will deter further investment and have threatened to challenge some parts of the regulation in arbitration.
Medias24 | 5-Dec-2018
Au CIRDI, le tribunal arbitral chargé du litige opposant le Maroc à la société suédoise Corral Morocco Holding a tenu sa première session.
Bloomberg | 27-Nov-2018
Venezuela made an partial payment of a settlement designed to resolve a $1.2 billion arbitration award to a bankrupt Canadian gold miner that’s laying claim to the assets of the parent of refiner Citgo Holding Inc. if it’s not paid in full.
Mining.com | 26-Nov-2018
The Hague-based Permanent Court of Arbitration has awarded South American Silver $18.7 million for amounts invested and another $9 million in interest for its Malku Khota concession, which the Bolivian government revoked in 2012.
Correo del Sur | 26-Nov-2018
El Estado boliviano le ganó el arbitraje internacional que le había instaurado la empresa canadiense South American Silver por la mina Mallku Khota y ahorró más de 367 millones de dólares.
Cambridge International Law Journal | 20-Nov-2018
A reasonable ICSID Tribunal would have followed the paths of previous arbitral decisions in determining the liability of a host state under the Full Protection and Security obligation, the Ampal Tribunal did not.
CIAR Global | 20-Nov-2018
La compañía danesa Athena Investments ha emitido un comunicado en el que da a conocer el resultado del laudo del arbitraje de inversiones que mantenía con España desde 2015 ante un tribunal del Instituto de Arbitraje de la Cámara de Comercio de Estocolmo (SCC) que le favorece con una indemnización de 11 millones de euros.
The Globe and Mail | 20-Nov-2018
A US coal miner is launching a NAFTA suit against Alberta over its policy to phase out coal in the electricity system by 2030.
Globe Newswire | 16-Nov-2018
The net award for Athena Investments amounts to approx. EUR 11M.

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