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Part I, 2 States, Investors, and Energy Agreements

From: International Energy Investment Law: The Pursuit of Stability (2nd Edition)

Peter D Cameron

From: Investment Claims (http://oxia.ouplaw.com). (c) Oxford University Press, 2022. All Rights Reserved. date: 30 September 2022

[T]he concept of the permanent sovereignty over natural resources … has ‘settled down’. It now stands for norms that command a significant common consensus, which I would summarize thus: states have a very special position in regard to their own resources.Rosalyn Higgins1 2.01 In making energy investments, a key objective for foreign investors and host states is to enter into a relationship that appears to the parties as both durable and mutually beneficial. The challenge they face is not so much that this relationship is forward-looking, a common feature indeed,...
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