A new report argues that progressively taxing the world’s seven biggest oil and gas companies — ExxonMobil, Shell, TotalEnergies, BP, Chevron, Equinor and Eni — would raise significant funds to pay for the loss and damage caused by climate disasters, reports Ben Radford.
loss and damage fund
The southwest monsoon, exacerbated by super typhoon Carina (Gaemi) has caused widespread flooding and devastation in the Philippines and Taiwan, killing 25 people and causing mass displacement, reports Susan Price.
The idea of trusting the World Bank and the International Monetary Fund with “innovative approaches” to assist developing countries dealing with the effects of climate change is a recipe for disaster, writes Chris Lang.