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As the COP19 climate talks start, poor countries are being left with little idea about what money is available to help them cope with climate change because of murky accounting and a lack of transparency by rich countries.
The Coca-Cola Company today committed to take steps to stop land grabs from happening in its supply chain after more than 225,000 people signed petitions and took action as part of Oxfam’s campaign to urge food and beverage companies to respect community land rights.
The Federal Public Ministry will launch an investigation into delays in resolving one of the cases highlighted in the recent Oxfam report "Nothing sweet about it."
Despite overwhelming evidence about the negative link between biofuels and food security, countries refused to take action on policies fueling land grabs, prices spikes and hunger.
Before the opening of the Committee on Food Security’s annual meeting in Rome (7 October), Oxfam called for Governments to ensure that biofuel policies do not force poor farmers off their land and fuel food price spikes.
Oxfam urges the Colombian government to close the loopholes that allowed Cargill – the world’s largest agricultural commodity trader – to acquire over 52,000 hectares of land in Colombia’s Altillanura region through 36 shell companies between 2010 and 2012.
Climate change will leave families caught in a vicious spiral of falling incomes, rising food prices, and declining quality of food, leading to a devastating impact on the health of millions.
Today 33 major investment funds, representing nearly $1.4 trillion of assets under management, called on food industry giants to improve their supply chain policies and transparency.
Little will be done to curb harmful food speculation today as EU finance ministers meet to approve their position on the new Markets in Financial Instruments Directive (MiFID II) – which sets new regulations for financial markets. According to a broad coalition of environmental and development organizations, loopholes in the legislation will render it ineffective to prevent food speculation, and the resulting food price spikes that hit the poorest the hardest.