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Onus of incorporating strong rules to limit speculation on food commodities into Markets in Financial Instruments Directive (MiFID) now lies with Member States

Oxfam spokesperson Mark Fried said:  

About innovative financing for development and climate change EU Finance Ministers today agreed their common position for the upcoming G20 Finance Ministers meeting on 14-15 October in Pa

Oxfam welcomed today’s vote by European Parliamentarians in support of a strong European Financial Transaction Tax (FTT) covering all instruments (shares, bonds and derivatives), as put forward by

Despite being largely responsible for the worsening climate crisis in East Africa, rich nations paid Ethiopia, Kenya, Somalia, and South Sudan just $2.4 billion in climate-related development finance in 2021, in stark contrast to the $53.3 billion East Africa says it needs annually to meet its 2030 climate goals.  

EU governments are losing out on a staggering 286.5 billion euros in revenue annually, equivalent to 33 million euros per hour, due to their failure to fairly tax Europe’s wealthiest. This amount, equivalent to Finland’s GDP, represents what a European wealth tax of up to 5 percent could raise every year, according to Oxfam’s analysis. 

The 150 countries that have now publicly committed to carbon reduction pledges show that December’s UN climate summit in Paris could, at last, be built on international cooperation rather than competition. 

Millions of people in the Philippines will go hungry in the coming months if rice farmers don’t receive urgent assistance after typhoon Haiyan wiped out a third of the countries rice growing areas.

A landmark United Nations resolution that 15 years ago promised to bolster the rights of women in peace efforts has brought some welcome progress – but far too little to be judged a success overall.

Rather than protecting vulnerable people from the spread of the coronavirus, the Greek government is using the crisis to absolve itself from its obligations under international and EU law, said Oxfam.