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)

Morocco World News | 19-Mar-2018
Al Amoudi recently filed a complaint against Morocco at the World-bank affiliated ICSID thus ending a series verbal threats the Saudi investor has been brandishing since 2015 against Moroccan investment authorities.
Bloomberg | 16-Mar-2018
Trump disagrees with executives on Nafta arbitration language. Industry leaders say it provides an essential safety net.
Telquel | 16-Mar-2018
Comme il menaçait de le faire depuis 2015, l’actionnaire majoritaire de la Samir, cheikh Al Amoudi a finalement eu recours à la procédure d’arbitrage de la Banque mondiale dans le litige qui l’oppose à l’État marocain.
Cision | 15-Mar-2018
DC court ruled in Rusoro’s favour, rejecting all of Venezuela’s defenses and holding that the award was valid and enforceable in the United States.
Live Mint | 14-Mar-2018
Under international arbitration proceedings the final hearing of Cairn’s claim under the UK-India Bilateral Investment Treaty is scheduled for August 2018 in The Hague.
UNIAN | 13-Mar-2018
According to the holding’s chief commercial officer, once Ukraine wins in court, the question will arise of physically taking this money from Russia.
Freedom Newspaper | 13-Mar-2018
Shocking information from insiders tells us that the authorities are about to make a payment to the International Settlement of Investment Disputes of nearly US dollars 500,000 as a prepay for the three litigations.
Descifrado | 9-Mar-2018
La pequeña minera ruso-canadiense Rusoro habría ganado una demanda de 968 millones de dólares más intereses contra Venezuela por la expropiación de sus activos en el año 2012, a manos de Hugo Chávez. Así lo dio a conocer la casa de bolsa Rendivalores a través de Twitter. La información no ha sido oficializada.
Le Devoir | 7-Mar-2018
Un tribunal d’arbitrage de l’Accord de libre-échange nord-américain (ALENA) a débouté une entreprise américaine de pâte à papier qui disait subir de la discrimination .
The Globe and Mail | 7-Mar-2018
A NAFTA tribunal rejects $250-million claim by Mercer International Inc. against the Canadian government.

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