According to data from the UN’s Financial Tracking System (the only official system for tracking donor funding) and information Oxfam received from G7 members: no G7 country has provided their fair share of funding for all four nations facing famine.
As G7 foreign ministers meeting in Lucca, Italy, failed to reach agreement on sanctions, Oxfam has called for a renewed push on Syria peace talks.
47 economists and experts from across Japan, including Iwahito Katsui, renowned economist and professor emeritus at Tokyo University, have come together to urge the Japanese government to take a lead on tackling tax havens at the G7 Leaders Summit.
The G7 have made a stuttering start on climate but have largely neglected the plight of people living in poverty, said Oxfam at the close of the annual leaders’ summit in Germany today.
Responding to David Cameron’s call for a global crackdown on corruption by G7 leaders meeting in Germany for their annual summit this weekend, Jorn Kalinksi, Oxfam G7 spokesperson sai
Coal plants in the G7 are on track to cost the world $450 billion a year by the end of the century and reduce crops by millions of tons as they fuel the gathering pace of climate change.
To set the tone for a successful climate agreement at the UN talks in December, the G7 must lead the world in setting out clear plans for a just transition away from coal.
G7 based companies and investors cheated Africa out of an estimated US$6 billion in 2010 through just one form of tax dodging, according to a new Oxfam report ‘Money talks: Africa at the G7’, released today.
Coal is the single biggest driver of climate change - responsible for one third of all CO2 emissions since the industrial revolution. With these climate impacts falling disproportionately on the most vulnerable and least food secure, the burning of coal is further exacerbating inequality.
This G7 finance meeting has again been a debate among exclusive club members without the equal participation of developing countries. It’s no wonder that tax issues relevant to poor countries were not addressed.