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
RWE (npower), Goldman Sachs and derivatives lobby group ISDA have been given the dubious honor of being named the Worst EU Lobbyists of 2010. The results of the Worst EU Lobbying Awards 2010 were revealed today during a ceremony outside the ISDA office in Brussels.
The European Commission announced today a significant boost of €80 million for immediate humanitarian needs in flood-hit Pakistan. This doubles the contribution of the EU’s executive arm to €150 million, and places it as the most generous donor after Saudi Arabia, the US and the UK.
Oxfam welcomes the new European Commission proposals for advancing climate talks. However, while the EC has highlighted emissions reduction loopholes in the Copenhagen Accord, it has ignored major loopholes on climate finance.
