In 2013, Lone Pine Resources, a company headquartered in Canada but registered in the US, brought a claim alleging breaches of Article 117 of NAFTA caused by the "the arbitrary, capricious, and illegal revocation of the Enterprise’s valuable right to mine for oil and gas under the St. Lawrence River." This followed the Quebec Government's revocation of all permits for oil and gas exploration in the St lawrence River Basin, which was associated with a moratorium on fracking. The company is seeking compensation both for monies already invested and for anticipated future profits.
At Issue: Claims arising out of the revocation by the Government of Quebec of claimant's permits for petroleum and natural gas exploration in the Utica shale gas basin.
|09/06/2013||Complaint||Download||Notice of Arbitration|