ICSID Rejects U.S. Companies’ $31M Cap-And-Trade NAFTA Claim Against Canada

Mealey's ( April 24, 2024, 10:16 AM EDT) -- WASHINGTON, D.C. — The International Centre for Settlement of Investment Disputes (ICSID) published an arbitral tribunal’s award dismissing for lack of jurisdiction all claims brought by Koch Industries Inc. (KI) and its subsidiary against the government of Canada after finding that the claimants’ cap-and-trade purchases were not a protected investment under the North American Free Trade Agreement (NAFTA)....

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