Canada won another NAFTA investment dispute launched by a US investor under Chapter 11 of the NAFTA, the full 26 March 2016 decision recently being released. Observers of these investment cases are keen to search the dense wording (and this decision is no less dense than many others) to find some golden mien that will… Read More »
Canada Pays Out The federal government just announced that it was paying Mobil Investments and Murphy Oil some $19 million to satisfy a decision of a NAFTA investment arbitration panel last year. The tribunal found that certain guidelines of the Canada-Newfoundland Offshore Petroleum Board were discriminatory and thereby breached Canada’s NAFTA obligations. Although the government… Read More »
I confess I’m not a fan of the Canadian Centre for Policy Alternatives. I find much of their stuff to be ideologically-driven and one-sided. I’m put off by their anti-free trade rhetoric and their congenital hostility toward the WTO and liberalized trade generally. As a believer in the progressive development of international law, I don’t… Read More »
It’s been reported that a NAFTA investment dispute panel has ordered Canada to pay $17 million in compensation to Exxon-Mobil and Murphy Oil due to changes to the to the Canada-Newfoundland Offshore Petroleum Board Guidelines governing offshore oil and gas development on the continental shelf off Newfoundland and Labrador. The award isn’t public as yet, but… Read More »