Lone Pine v. Canada

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. On November 21, 2022, the NAFTA tribunal found that revocation of mining rights around the St. Lawrence river did not amount to an expropriation, considering that Claimant retained other mining rights. Tribunal majority also dismisses MST claim.