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Energy experts fear India's turn to 'dirty coal' commercially unviable

Amidst the coal crisis where the Centre has invoked an emergency law to operate idle coal import-based utilities, energy transition experts believe the electricity generation for 1.35 billion people based on expensive imported coal for blending is commercially unviable -- both high and inflationary.
IISD in the news May 8, 2022

Governments' Climate Laws Could Spur $340B In ISDS Claims

As governments consider how and when to enact legislation or mitigation measures meant to address climate change, a study shows there is a pricey cause for concern as fossil fuel companies could bring legal claims worth billions of dollars against them in order to protect their assets.
IISD in the news May 6, 2022

The fossil fuel industry has a trillion-dollar secret weapon to kneecap climate action

On his first day in office, President Joe Biden revoked the permit for the controversial Keystone XL Pipeline, which would have brought exceptionally dirty oil south from Canada across the Plains. The project’s owner, Calgary-based TC Energy, saw billions in future profits go up in smoke. So it turned to an arcane but potentially explosive tool to try to recoup the loss, filing a claim under the now-defunct North American Free Trade Agreement. The company is seeking $15 billion.
IISD in the news May 5, 2022

Investor-state disputes threaten the global green energy transition

To limit global warming to below 1.5°C, governments will have to simultaneously curb demand for fossil fuels and limit supply. However, efforts to limit supply will affect asset holders, particularly in the upstream (exploration and production) and midstream (transportation and storage) portions of the supply chain.
IISD in the news May 5, 2022