QEC - LNG - Lawsuits!

MC Axel
QEC 17.03.2023 kl 12:40 4061

This is good news for QEC, which is also putting a lot of pressure on the Quebec authorities

They may now risk having to pay billions in compensation

I believe in extraction or a settlement in the billions



"The End of NAFTA's Sunset Period Approaches

Publish in Perspectives - Thursday, March 16, 2023




(the NAFTA legacy investment provision) allows investors with "legacy investments," under NAFTA to bring claims until July 1, 2023, under NAFTA's dispute resolution system rules, which means that notices of intent must be filed no later than April 1, 2023.


KEY TAKEAWAYS

Last Minute Investor Claims are Starting to Trickle In: As a good indication that investors should be taking advantage of the NAFTA legacy claims before they expire, we are beginning to see several notices of intent filed. For example:

A U.S.-based company reportedly recently initiated a claim against Canada related to a decision from Canadian authorities to deny environmental permits for their liquid natural gas (LNG) project in Québec, which the U.S company claims was done for political reasons.


https://www.latinvex.com/mobile/article.aspx?id=5981

Redigert 17.03.2023 kl 12:43 Du må logge inn for å svare
MC Axel
17.03.2023 kl 18:46 3835

Good to know that QEC was among the first to involve the First Nation in their Quebec project


Published Mar 17, 2023

First Nations communities have been left out of Canada’s wealth and prosperity for centuries. The National Coalition of Chiefs (NCC) is working toward improving our participation and inclusion in Canada’s economy through partnerships with Canada’s largest industry, the natural resource industry.


Like Canada’s oil and gas industry, First Nations communities want to be part of this transition.


Our First Nations communities are working hard to support Canada’s oil and gas industry. We are working hard to ensure that the new UNDRIP legislation ensures that the industry has a fair regulatory regime that clearly defines what constitutes adequate First Nations engagement and consultation; which communities are affected by project development and operations; and what Indigenous inclusion means as it relates to First Nations employment, community investment, contracting and equity ownership.


https://calgaryherald.com/opinion/columnists/opinion-the-just-transition-will-have-catastrophic-effects-for-first-nation-people
Slettet bruker
17.03.2023 kl 20:51 3645

Thx for sharing once again, MC Axel 👍
MC Axel
20.03.2023 kl 22:56 2960


I have not heard of this until now

Not everyone is happy with dams and their major interference with nature


Canadian First Nation group sues Quebec power company for $1.6bn

David Rogers

25.01.23


A Canadian First Nation community is seeking damages against Quebec’s state-owned utility for the destruction of its land caused by the construction of a dam in Labrador some 50 years ago, Journal de Quebec reports.


https://www.globalconstructionreview.com/canadian-first-nation-group-sues-quebec-power-company-for-1-6bn/
MC Axel
22.03.2023 kl 11:09 2636

It was also political when Quebec prevented Questerre Energy and others from extracting oil and gas

Legault is not trustworthy and it could end up costing Quebec billions in compensation


GNL Quebec's refusal was a purely political decision, according to its promoters

on March 22, 2023


The request for arbitration by the promoters of GNL Québec in order to obtain compensation of 20 billion US dollars from the Canadian government was made public on Tuesday. Ruby River Capital maintains that the refusal by Quebec and Ottawa was purely political and that the project was treated in an “arbitrary, unfair and discriminatory” manner.


A January 2020 article from Radio-Canada is even quoted to show that the Premier of Quebec, François Legault, openly supported the project.


https://thesaxon.org/gnl-quebecs-refusal-was-a-purely-political-decision-according-to-its-promoters/2438/




Investor In Natural Gas Facility, Pipeline Seeks $20B In NAFTA Claim Against Canada

 
March 21, 2023, 2:04 PM EDT

WASHINGTON, D.C. — The International Centre for Settlement of Investment Disputes (ICSID) on March 20 published a request for arbitration filed by a U.S. investor who claims that the government of...

https://www.lexislegalnews.com/articles/88418


Redigert 22.03.2023 kl 11:54 Du må logge inn for å svare
Jensi
22.03.2023 kl 16:32 2432

Quebec har godt af at få lidt af deres egen medicin
Dejligt at First Nations sagsøger Q......
tja, vi må se hvad det hele ender med en skønne dag
hgsd33
22.03.2023 kl 22:45 1915

«Higgs said Repsol made it clear that the economics of transporting the gas by pipeline from Western Canada before shipping it to Europe “were just completely out of the question.”»

Mao. En trenger ikke gå over bekken etter vann.

Ursula nevnte at EU var klar til og importere LNG direkte fra østkysten hvor Questerre har noe gass liggende klar til utvinning. Utfordringen ligger i Bill 21.
Nå som alt fra topp politikere til urbefolkning og ungdom med hettegenser mener at denne billen må endres vil jeg tro at det er like før noe skjer ????
At Repsol mener det er for kostbart og frakte gass fra vest til øst tolker jeg som positivt for oss som eier tomt på beste østkant. Det er tre ting som gjelder, beliggenhet, beliggenhet og beliggenhet.
Redigert 22.03.2023 kl 22:48 Du må logge inn for å svare