Rethinking Investment Treaties As Latin America Goes Green
Law360 (May 6, 2021, 4:27 PM EDT) -- As many European countries have scheduled phaseouts of fossil fuel within a decade, claims have been brought successfully by foreign investors against several states, arguing that new subsidies for renewable energy and other regulatory changes are destroying the value of their fossil fuel plants, making them stranded assets that merit compensation.
These claims have been bolstered by the Energy Charter Treaty, the most commonly cited treaty covering investor-state dispute settlement. Signed in 1994, the ECT has been cited by many as antithetical to the aims of the Paris Agreement, permitting fossil fuel companies — such as coal mines, oil fields and...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!