Australia is confronted with three multi-billion dollar investment treaty claims from a mining company, which serves as another illustration of how the international investment protection system poses a threat to an urgent and just energy transition.
Cadence Minerals and its subsidiary REM Mexico Limited have issued a request for consultations and negotiations to the Government of Mexico under the United Kingdom-Mexico Bilateral Investment Treaty.
Mining corporations have taken steps to issue a notice and dispute and request for negotiations to the Ethiopian government over concerns at measures taken against Abyssinian’s investments in the Kenticha lithium and tantalum project in the country.
The Energy Charter Treaty can be deployed to expand the fossil fuel industry’s rights and contextually counter democratic forces that animate the ecological transition.
German energy company RWE has announced its intention to withdraw its international arbitration proceedings against the Dutch state at the International Centre for Settlement of Investment Disputes.
Billionaire Clive Palmer is using the Investor-State Dispute Settlement mechanism against Australia because the permits for a coal mining project were refused for environmental reasons, including their contribution to increased carbon emissions.
Removing ISDS mechanisms within the CPTPP is a good start, but Britain must protect itself and other nations from its own corporate interests by removing all ISDS mechanisms.
The Permanent Court of Arbitration ruled in favor of Bolivia, denying any compensation to the American mining company Orlandini for the revocation of concessions.