Norwegian Refugee Council Secretary-General Jan Egeland listens to a woman speaking during a visit to drought-stricken Somalia on June 21, 2022. (Photo: Jan Egeland/Twitter)
International aid workers are issuing desperate pleas for help this week as severe climate-driven drought coupled with critically depleted global food supplies due to Russia’s invasion of Ukraine are fueling a slide into “catastrophic famine” in Somalia that could claim the lives of hundreds of thousands of children by summer’s end.
“Already 1.5 million children below the age of five are malnourished, and we expect that 356,000 of these may not survive through the end of September this year,” Adam Abdelmoula, the United Nations’ humanitarian coordinator for Somalia—which has suffered an unprecedented four consecutive failed rainy seasons—said during a visit to Dolow in the south near the Ethiopian border. Continue reading →
As leaders of the G7 were criticized for failing to rise to the challenge of the Covid-19 pandemic during their summit in the United Kingdom this weekend, Oxfam International on Saturday warned that failure of the world’s richest nations to fully embrace a lifting of intellectual property protections for life-saving vaccines could ultimately raise the cost of administering shots to the entire world by as much as $74 billion with most of that money going directly into the wallets of pharmaceutical companies and their wealthy shareholders.
Oxfam calculates that if patent protections were waived by the World Trade Organization (WTO) and vaccine production ramped up worldwide people in low- and middle-income nations could be adequately vaccinated for an estimated cost of $6.5 billion, but that if pharmaceutical companies are allowed to retain their for-profit stranglehold on production and distribution that cost would soar to $80 billion. Continue reading →
One critic of the agreement said that “by settling for anything less than a 25% tax rate, the G7 is telling their citizens and the world that they’re willing to keep the race to the bottom alive and kicking.”
U.S. Treasury Secretary Janet Yellen at the World Bank 2021 Spring Meetings. Phpto: World Bank/flickr/CC
Representatives from seven of the world’s wealthiest nations reached an agreement on Saturday to support a global minimum tax rate of at least 15% for multinational companies, a move aimed at curbing the use of tax havens and ending the decades-long race to the bottom on corporate taxation.
The deal struck by the U.S., Japan, Germany, France, the U.K., Italy, and Canada still faces a long road to implementation, but Saturday’s development marks substantial progress toward a global accord that could allow governments to raise revenue from corporate giants notorious for shifting operations and profits overseas to avoid taxes. Continue reading →
The latest official figures show 79,513 forest fires have been recorded in the country this year, the highest number of any year since 2013. More than half of those are in the massive Amazon basin. Experts say increased land clearing during the months-long dry season to make way for crops or grazing has aggravated the problem this year. Photo: @capnfrenchie/Twitter
Brazil’s army on Sunday deployed aircraft to battle the raging fires in the Amazon as global concern and outrage over the potential consequences—and the destructive causes—of the disaster grow.
The military operations involving C-130 aircraft to put out fires came after Brazil’s far-right President Jair Bolsonaro triggered global protests over his government’s policies and failure to take swift action to combat the flames. Continue reading →
“The world is in a deep hole with climate change, and the first thing to do in a hole is stop digging,” said Stephen Kretzmann of Oil Change International. (Photo: ribarnica/flickr/cc)
The world’s richest nations have failed to agree on a deadline to phase out fossil fuels subsidies—a commitment energy ministers made in 2009—stirring new fears over the impact of the hundreds of billions of taxpayer dollars that go toward keeping dirty energy afloat every year.
Energy ministers from the Group of 20 (G20) met in Beijing on Wednesday and Thursday to discuss bringing those subsidies to a close after the Group of 7 (G7), the world’s seven wealthiest economies, last month committed to eliminate “inefficient” fossil fuel handouts by 2025. A report published in 2015 by the climate group Oil Change International found that the combined G20 subsidies for oil, gas, and coal production amounts to roughly $444 billion a year. Continue reading →