Britain will launch Cop26 in Glasgow while taxpayers are still funding fossil fuels On Monday, the parliamentary committee for International Development demanded the government stop investing in the fossil fuel sector, including through its private-sector arm, the CDC Group. CDC is investing hundreds of millions of precious aid money in fossil fuel companies that compound the climate crisis. Propping up the fossil fuel industry will inevitably mean more [...]
Britain and its allies must not use the IMF’s new special drawing rights to heap more debt on poor countries In 2008, the IMF created Special Drawing Rights (SDRs) – an international reserve asset used to supplement member countries’ official reserves – in response to the global financial crisis. This week it has done so again with a new target in mind: coronavirus. The IMF estimates ending the pandemic could inject $9tn into the global [...]
