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)

Bangkok Post | 12-Jun-2019
Australian gold mining firm Kingsgate Consolidated is seeking negotiations with the new Thai government over the case in which it was ordered to cease mining operations in Phichit two years ago.
No al TTIP | 10-Jun-2019
El 31 de mayo el Estado español fue condenado a pagar 41,8 millones de euros a la sociedad radicada en Luxemburgo 9REN Holding tras perder el arbitraje de inversiones interpuesto ante el CIADI.
Euractiv | 7-Jun-2019
A confidential internal report, obtained by EURACTIV, lists the multiple failings of the Energy Charter secretariat, at a time when the treaty is undergoing a major revision process and is being used by Russia’s Nord Stream 2 pipeline in a first-time legal proceeding against the EU.
Nevada Capital News | 29-May-2019
In December of 2018, KCA filed a $300 million-dollar arbitration claim against the government of Guatemala under CAFTA-DR.
Reuters | 29-May-2019
Multinational companies will increasingly file massive cases against host countries when climate change policies affect their profits, Nobel Prize-winning economist Joseph Stiglitz said.
Los Tiempos | 28-May-2019
Uno de los clientes preferenciales de Appleby es la Suiza Glencore, que según los datos filtrados lleva décadas utilizando paraísos fiscales para encubrir tratos lucrativos y desviar millones de dólares.
El Desconcierto | 23-May-2019
8.000 millones de euros es lo que España podría estar pagando si pierde —como ha empezado a hacerlo— las 43 demandas interpuestas por multinacionales de la energía, entidades financieras y fondos privados de inversión en las instancias de solución de controversias de estados e inversores, ISDS, por su sigla inglesa.
Politis | 22-May-2019
Plus de 260 organisations, réseaux, syndicats et mouvements sociaux au niveau mondial, représentant plus de 280 millions de personnes, se sont mobilisés pour dénoncer l’impunité de Chevron en Équateur.
Tele Sur | 22-May-2019
Thousands of demonstrators across all five continents have joined the International Anti-Chevron day to peacefully protest and display global crimes committed by the transnational company against human rights and the environment.
Exit | 20-May-2019
While the award rendered by the ICSID on April 24, 2019, has not been disclosed, Albanian media have circulated unconfirmed reports of €110 million.

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