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Extreme wealth evokes images of both deserving entrepreneurs and fat cats. This paper explores whether the meritocracy argument stands up as a defence of extreme wealth. 

The devastating impacts of the 2015–16 El Niño will be felt well into 2017. There is an urgent need for humanitarian action where the situation is already dire, to prepare for La Niña later this year, to commit to new measures to build communities’ resilience, and to mobilize global action to address climate change

French President Sarkozy and European Commission President Barroso spoke at today’s conference on commodities and raw materials in Brussels, organized by the European Commission ahead of next week’

The UN Committee on World Food Security (CFS), the central and most inclusive institution of the global governance on food and agriculture issues, today endorsed the Principles on Responsible Investment in Agriculture and Food Systems.

Oxfam’s Nicolas Mombrial said:

The IMF has already said that the coronavirus pandemic will trigger the worst economic fallout since the Great Depression —if ever there was a time to expand SDR allocations in a major way, it is now, said Oxfam today in response to the communiqué of the International Monetary and Financial Committee.

In response to the outcome of the 2025 UN Bonn climate meetings, Oxfam Climate Policy Lead Nafkote Dabi said: “The Bonn climate talks once again exposed the deep divide over who should bear the cost of climate harms, adaptation, and the shift to fossil fuel alternatives in the Global South. Rich countries’ refusal to accept responsibility alongside their go-slow tactics are wearing thin and ultimately benefit no-one. 

Water-related disasters forced people to flee from their homes nearly eight million separate times in 10 of the world’s worst-hit countries last year, with many having to move multiple times – a 120% increase compared to a decade ago, said Oxfam today. 

Ten of the world’s worst climate hotspots – those with the highest number of UN appeals driven by extreme weather events – have suffered a 123% rise in acute hunger over just the past six years, according to an Oxfam report published today.

The carbon footprint of a super-rich European, accumulated from nearly a week of using super yachts and private jets, matches the lifetime carbon footprint of someone in the world’s poorest 1 percent, a new Oxfam report reveals today. The first-of-its-kind study, “Carbon Inequality Kills”, tracks the emissions from private jets, yachts and polluting investments and comes ahead of COP29 in Baku, Azerbaijan, amidst growing fears that climate breakdown is accelerating, driven largely by the emissions of the richest people.