The Supreme Court declared that the settlement agreement between Canadian mining company Barrick Gold and the government of Pakistan in the Reko Diq mining project is legal.
Governments that revoke licenses and permits or take other measures to restrict the development of oil and gas in their territory will face claims from investors for compensation.
Air Tanzania Company Limited plane has been seized in the Netherlands after a Swedish firm won a $165 million award against Tanzania due to revoked land title in the Bagamoyo sugar project.
The Centre québécois du droit de l’environnement is delighted that an ICSID Arbitral Tribunal decided, on November 21, 2022, to reject the claim for approximately $150 million by the American company Lone Pine Resources Inc.
Local resisters are calling for a different economic model — one that prioritizes clean water and soil, healthy communities, peace, dignity, and self-determination.
The government urged all stakeholders to complete pending actions hampering the conclusion of the $900 million settlement deal in the Reko Diq case to avoid a $5.9 billion penalty.