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)

Express Tribune | 19-Jul-2019
In the Reko Diq case registered by Tethyan Copper Company, the dollar-starved Pakistan has been slapped a penalty way beyond its reach by the World Bank-sponsored ICSID.
Euractiv | 19-Jul-2019
The European Commission and the Nord Stream 2 gas pipeline company are heading toward legal arbitration in their dispute, with a risk of huge fines for EU taxpayers.
Amigos de la Tierra | 18-Jul-2019
El acuerdo de Asociación Económica Integral Regional socavaría las normas de protección del medioambiente en Asia.
Express Tribune | 17-Jul-2019
The International Centre for Settlement of Investment Disputes (ICSID) has declared that the Supreme Court of Pakistan’s judgment in the rental power projects case is ‘arbitrary’.
L’Humanité | 17-Jul-2019
L’État roumain en retirant son permis d’exploitation à une compagnie minière canadienne se voit aujourd’hui traîné devant les tribunaux internationaux.
El Periódico | 16-Jul-2019
El CIADI aceptó la conformación del panel arbitral que conocerá la demanda contra el Estado de Guatemala planteada por Daniel W. Kappes y Kappes, Cassiday & Associates, por la suspensión del proyecto minero Progreso VII Derivada El Tambor.
CNN Chile | 16-Jul-2019
El CIADI del Banco Mundial determinó que el país islámico deberá desembolsar 5.840 millones de dólares tras denegar ilegalmente la licencia minera para el proyecto Reko Diq.
Les Affaires | 16-Jul-2019
Barrick Gold a indiqué que sa coentreprise avec le mineur chilien Antofagasta avait obtenu 5,84 milliards $ US en dommages-intérêts pour son projet Reko Diq, au Pakistan.
Business Recorder | 15-Jul-2019
The Pakistan government has decided to challenge the award ICSID award that includes $4.08 billion penalty and $1.87 billion interest.
The News International | 14-Jul-2019
The International Center for Settlement of Investment Disputes (ICSID) of World Bank has rendered almost $6 billion (Rs950 billion) award against Pakistan in Reko Diq case.

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