Energy & environment

Most investor-state disputes (ISDS) have concerned environmental matters. Corporations are using the ISDS system found in trade and investment agreements to challenge environmental policies. As of end of 2019, 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. In 2015 the ISDS tribunal decided that the government’s decision hindered the investors’ expectations. Bilcon won and received US$7 million in damages, plus interest (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).

Photo: Kris Krug / CC BY-NC-ND 2.0

(March 2020)

CIAR Global | 13-Jun-2021
Finalmente, las compañías inversoras en energías renovables Eiser Infrastructure Ltd. y Energia Solar Luxembourg SARL han renunciado a su lucha por el laudo de 128 millones de euros contra España, emitido a su favor en 2017 y que fue anulado porque el árbitro designado por los inversores tenía un conflicto de intereses que no había sido revelado.
Global Arbitration Review | 11-Jun-2021
Avima Iron Ore has become the latest mining company to file for ICC arbitration against the Republic of the Congo over the revocation of its licences, claiming US$27 billion in damages.
Semanario Universidad | 7-Jun-2021
Tribunal exime a Costa Rica de pagar $400 millones pues inversionista no demostró daño económico que reclamaba.
CIAR Global | 4-Jun-2021
La minera británica Anglo American plc. ha presentado una demanda de arbitraje de inversiones contra Colombia ante el Centro Internacional de Arreglo de Diferencias relativas a Inversiones (CIADI).
Energy Charter | 3-Jun-2021
Nigeria has completed all three of its accession reports but the Energy Charter Conference placed restrictions on ECT accession finalization procedures, placing Nigeria’s accession path into a state of pause.
Reuters | 3-Jun-2021
Ecuador has 60 days to make the payment and has already contacted Perenco to start negotiations. In 2020, the country inked a $6.5 billion emergency deal with the IMF.
CIAR Global | 2-Jun-2021
Ecuador ha conseguido finalmente una reducción de más de 35 millones de dólares en el laudo de alrededor de 448,82 millones de dólares emitido a favor de Perenco, en septiembre de 2019, por la asignación de beneficios de bloques petroliferos en la Amazonia.
CIAR Global | 2-Jun-2021
La minera suiza Glencore International AG ha presentado una demanda de arbitraje de inversiones contra Colombia, que se une a las dos abiertas y pendientes en procedimientos con su filial Prodeco y Sociedad Portuaria Puerto Nuevo ante el CIADI.
Amico Hoops | 2-Jun-2021
Le tribunal a considéré que l’Equateur avait “violé le droit international public” au préjudice de Perenco en faisant passer de 50% à 99% la participation du pays sud-américain aux bénéfices.
Amico Hoops | 2-Jun-2021
The Ecuadorean country will have to face a millionaire sum for Perenco oil company after a ruling by a panel formed under the auspices of the World Bank’s International Center for Settlement of Investment Disputes.

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