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The world’s six biggest fossil fuel corporations are expected to nearly double their combined net income in the second quarter of 2026, jumping from $23 billion in the previous quarter to $45 billion, reveals new Oxfam analysis ahead of their earnings announcements. New data also finds that the emissions of these corporations have significantly magnified the frequency and severity of heatwaves this century. 

The cost of weather-related disasters in the five years since global leaders last met to discuss climate change is almost half a trillion dollars ($490 billion) – three times more than for the whole of the 1970s.

As global greenhouse emissions continue to rise, and climate change wreaks more havoc upon the people and places least responsible for the problem, rich polluting countries are now three years overdue on their promise to mobilize $100 billion a year in climate finance for low- and middle-income countries.

The richest 1 percent of the world’s population produced as much carbon pollution in 2019 than the five billion people who made up the poorest two-thirds of humanity, reveals a new Oxfam report today. It comes ahead of the UN climate summit in Dubai, amid growing fears that the 1.5°C target for curtailing rising temperatures appears increasingly unachievable.

Oxfam has moved a huge generator across conflict lines to East Aleppo to help improve the water supply, but all other aid to the besieged area remains cut off. 

Our new report warns multiple climate impacts could reverse 50 years of work to end poverty. Shifting seasons are destroying harvests and causing widespread hunger - but this is just one of the multiple climate change impacts taking their toll on the world’s poorest people.

EU finance ministers look set to whitewash nine of the world’s worst tax havens when they update the EU tax haven blacklist next week, says Oxfam.

Tens of thousands of people across Zimbabwe, Malawi and Mozambique are still suffering 12 months after Cyclone Idai battered Southern Africa, warned Oxfam today. Cyclone Idai, one of the worst cyclones to hit Africa, made landfall on 14th March 2019.

Sweeping measures to improve transparency and governance are urgently needed to end a scandal that has seen Africa lose an average of $1 billion every week for the past 30 years in illicit financial flows.

Millions of people in eastern Democratic Republic of Congo are now at the mercy of militias as the country's long-running conflict descends into widespread lawlessness with killing, kidnapping and abuse against the population at alarming levels.