Tag: Oxfam

A person from the richest 0.1% produces more carbon pollution in a day than someone in the bottom 50% produces all year

Stuart Mitchell

Released last month ahead of the major international climate conference COP30 in Belem, Brazil, new Oxfam research finds that the high-carbon lifestyles of the super-rich are blowing through the world’s remaining carbon budget — the amount of CO2 that can be emitted while avoiding climate disaster. The research also details how billionaires are using their political and economic influence to keep humanity hooked on fossil fuels to maximize their private profit. The report, “Climate Plunder: How a powerful few are locking the world into disaster,” presents extensive new updated data…

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25 years on from UN pledge, women’s rights organizations and peacebuilders get just 0.1% of aid as donors pour billions into arms

Stuart Mitchell

The same governments that pledged support in 2000 to the UN’s flagship resolution on “Women, Peace and Security” (WPS) have since spent 25 years paying it lip-service, according to a new Oxfam report that reviews its progress. The report entitled “Beyond Rhetoric” shows that while military spending has risen by $1.5 trillion in 84 countries in 2024, aid for gender equality and peace fell by 7.1%. Women’s organizations are now getting less than half a cent of every dollar of aid. Amina Hersi, Oxfam’s Head of Gender, Rights and Justice,…

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Largest US corporations spent nearly $1.6 trillion on shareholder payouts in 2024, triple the income of the poorest fifth of US households

Stuart Mitchell

A new Oxfam analysis out recently shows U.S. corporations in the S&P 500 spent three times more on stock buybacks and dividends in 2024— $1.572 trillion—than the estimated total income of the poorest 27 million U.S. households combined ($498 billion). Such payouts disproportionately enrich the wealthiest 1%, who own half of all stocks and mutual fund shares while the bottom 50% own just 1%. The CEOs of the five largest companies made an average of $52 million annually over the past five years—over 1,000 times more than the typical worker…

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Two-thirds of climate funding for Global South is loans as rich countries profiteer from escalating climate crisis

Stuart Mitchell

New research by Oxfam and CARE Climate Justice Center, published recently, finds developing countries are now paying more back to wealthy nations for climate finance loans than they receive- for every 5 dollars they receive they are paying 7 dollars back. 65% of funding is delivered in the form of loans. This form of crisis profiteering by rich countries is worsening debt burdens and hindering climate action. Compounding this failure, deep cuts to foreign aid threaten to slash climate finance further, betraying the world’s poorest communities who are facing the…

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Countries in Global South paying the price of UK’s clean energy – Oxfam

Stuart Mitchell

Report reveals climate colonialism entrenching inequality and human rights violations The UK and other “advanced economies” are benefiting from cheaper clean energy investment, while countries in the Global South face inflated costs, according to a new Oxfam report. The UK renewables and electric vehicle industry supply chains are heavily dependent on minerals from countries in the Global South who are not getting a fair share of the profits. Although Global South countries hold roughly 70% of transition minerals reserves, most investments in renewable energy are in the Global North (50%)…

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