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Millions of poor people will go without life-saving food and medicines as donor aid pledges to poor countries are breached.

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

Aid from rich nations is likely to fall by at least $9.5 billion by the end of 2012 – the biggest drop in aid for 15 years, according to new calculations by international agency Oxfam ahead of this week’s G20 Summit (Nov 3-4).

European Commission President José Manuel Barroso promised today he would announce an extra €1 billion for the Millennium Development Goals (MDGs) at a major UN summit in New York later this month.

Millions of poor and vulnerable people face hunger and poverty this year and next because of record global temperatures, droughts and erratic rains in 2014 and 2015, compounded by the development of possibly the most powerful El Niño on record.

Oxfam spokesperson Luc Lamprière said: Financial transaction tax:

Europe can continue burning food to fuel cars and trucks in the EU, the European Parliament voted today. In the vote on the reform of the Renewable Energy Directive for 2030, MEPs supported rules that would allow member states to force-feed car drivers with biofuels made from food-crops at current levels until 2030.

The UN Food and Agriculture Organization has just published it's The State of Food and Agriculture, 2012 report, on investmen

In reaction to today’s EU Energy Ministers’ statement on their debate about Europe’s post 2020 renewable energy strategy, Natalia Alonso, Head of Oxfam’s EU office, said:

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.