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)

Stock Market Wire | 19-Apr-2021
O grupo mineiro Pathfinder Minerals afirmou que uma disputa sobre a posse de um título mineiro em Moçambique poderá levar o país a incorrer em perdas de mais de $621,3 milhões.
Stock Market Wire | 14-Apr-2021
Mining group Pathfinder Minerals said a dispute over the ownership of a mining title in Mozambique could see it incur estimated losses of more than $621.3 million.
Business Standard | 12-Apr-2021
Cairn Energy has offered to invest the entire award money in India, which includes the principal amount of $1.2 billion and interest of $500 million if the government agrees to enforce the award.
IISD | 9-Apr-2021
Un tribunal del CIADI desestimó las demandas entabladas por WalAm Energy LCC contra la República de Kenia en torno a un proyecto geotérmico.
IISD | 9-Apr-2021
Un tribunal CIRDI a rejeté les recours lancés par WalAm Energy LCC portant sur un projet géothermique dans la République du Kenya.
IISD | 9-Apr-2021
An ICSID tribunal dismissed claims brought by WalAm Energy LCC over a geothermal project in the Republic of Kenya
IISD | 9-Apr-2021
Un tribunal de la CPA desestimó las objeciones jurisdiccionales presentadas por India y concluyó que dicho país incumplió con el estándar de TJE bajo el TBI entre India y el Reino Unido. El caso fue iniciado por Cairn Energy.
IISD | 9-Apr-2021
Un tribunal arbitral a rejeté les objections à la compétence de l’Inde et conclu que le pays avait violé la norme TJE du TBI Inde-Royaume-Uni, dans un arbitrage lancé par Cairn Energy.
IISD | 9-Apr-2021
A PCA tribunal dismissed India’s jurisdictional objections and found it in breach of the FET standard in the India–UK BIT in an arbitration under UNCITRAL rules initiated by Cairn Energy.
IISD | 9-Apr-2021
Para muchas personas afectadas por la extracción de recursos, los tratados de inversión pueden proteger emprendimientos que pueden cambiar drásticamente sus vidas con poco margen para expresar sus opiniones u obtener reparación.

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