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In reaction to another draft of the climate change agreement unveiled on Thursday night in Paris, Oxfam Executive Director Helen Szoke said:
“There is still a long way to go: this is crunch time. The chance to set new funding targets from when the Paris deal comes into force in 2020 is still very much on the table and needs to stay there if developing countries are to have any hope of more support in the years ahead."
The situation looks grim as Oxfam awaits the release of a revised and likely second-to-last draft of a global climate change agreement, expected to be released on Wednesday afternoon. Our experts are concerned that negotiators might be settling for the lowest common denominator in several critical areas.
EU finance ministers still cannot agree on decisive elements of a European Financial Transaction Tax - a missed chance for a strong signal to the climate summit in Paris.
Oxfam welcomes the investigation of tax deals major companies strike with EU member states, but tax reform is key to end harmful and unfair tax practices.
ONE and Oxfam welcome that the highest amount of funding ever has been allocated to refugees and development programs in the European Union's 2016 budget.
With the adoption of the TAXE report, the European Parliament voted in favor of specific recommendations aimed at stopping corporate tax avoidance across the European Union.
As a number of European countries are refusing entry to refugees and migrants of certain nationalities, Oxfam is concerned that this will leave thousands of people stranded and their future uncertain.
The biggest French food company fails to provide a strong commitment to fight climate change and support small-scale farmer resilience.