October, 12 2020, 12:00am EDT

350.Org Urges Public Banks to Lead a Just Recovery From Health and Economic Crises
Ahead of the first ever international summit of public financial institutions, civil society groups demand end of fossil finance and cancellation of colonial debt.
WASHINGTON
In exactly one month Public Development Banks and other financial institutions from all over the globe will have the unique opportunity to lead the way towards a better, more just and cleaner future for all. The Finance in Common (FiC) Summit, convened by the French Development Agency (Agence Francaise de Developpement - AFD), will take place in Paris from November 10-12. About 450 banks, which control approximately $2 trillion in public money, will be gathering with the aim of declaring their commitments to align their policies with climate, sustainable development and biodiversity goals.
"The climate crisis requires us to stay under the limit of 1.5degC of global warming, and the only way we can do it is rapidly moving away from fossil fuel production and use. We need public finance institutions to be the first movers of this transition. Development banks have the power to enact policies and direct funds towards a just recovery. It won't be possible without their leadership and they are lagging behind. Especially in the midst of a health and economic emergency, public money must be used to boost existing solutions that will create new jobs and support the people most impacted. Public financial institutions are accountable to the planet and the people. After all, it's our money, and what they are doing with it determines our lives and our future," says Clemence Dubois, France team leader at 350.org.
What governments and public financial institutions are doing at the moment is not yet going in the right direction. A recent report shows that G20 governments still provide USD 77 billion a year in public money for coal, oil and gas. A few institutions in those countries have already committed to exclude public finance to fossil fuels, such as the European Investment Bank (EIB), Swedfund and AFD. This summit now creates an opportunity for all finance institutions to follow their path and reach this minimum standard as part of their efforts to align with the Paris Agreement.
Civil society organizations are demanding high ambition commitments that support an internationally just transition away from fossil fuels and protect workers, citizens, communities, and the environment. This leadership is increasingly important as governments prepare to deploy historic levels of public finance in response to COVID-19. Such a commitment needs to be concrete and tangible, and would help set a high bar for what climate leadership looks like for public finance institutions. Excluding support for fossil fuels is a clear signal to other financial actors that the energy transition is already underway.
This week is also the Global Week of Action for Debt Cancellation. Promoted by several organizations and movements in different regions across the globe, the initiative draws attention to the problem of debt, which has negatively impacted countries in the global South for many decades as a consequence of colonization, and which got a new focus during the pandemic and the consequential economic crisis.
"When major financial institutions lend money to global South governments to develop fossil fuel projects, they are not only destroying the climate, weakening democratic processes and laws, deepening poverty and inequality, and violating human rights, but also tying up young and future generations in debt slavery. We cannot have climate justice and a just recovery without debt justice. Debt contracted to finance harmful fossil fuel projects that lead to climate chaos is completely illegitimate and should not be repaid. Public finance institutions should cancel these debts and not allow any new ones," says Alex Lenferna, Climate Justice Campaigner at 350.org Africa.
350 is building a future that's just, prosperous, equitable and safe from the effects of the climate crisis. We're an international movement of ordinary people working to end the age of fossil fuels and build a world of community-led renewable energy for all.
LATEST NEWS
'Authoritarian Theater' Meets 'Pure F*cking Idiocracy' as Trump Promises White House UFC Match
"Americans, you won't have healthcare, Medicaid, public schools, nursing homes, rural hospitals, or SNAP," said one critic. "But, you'll get UFC fights on the White House lawn. America F-Yeah!"
Jul 05, 2025
Critics of President Donald Trump's announcement of a planned Ultimate Fighting Championship event on White House grounds to celebrate the United States Semiquincentennial next year took to social media Friday to call the proposal something "straight out of 'Idiocracy'"—the comedy cult classic about a dumbed-down 26th-century America—and condemn what one detractor called "authoritarian theater."
"Every one of our national park battlefields and historic sites are going to have special events in honor of America 250," Trump said at the Iowa State Fairgrounds Thursday. "We're going to have a UFC fight—think of this—on the grounds of the White House."
Yearning for a time when every new day isn't exponentially dumber than the day before.
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— Dave Vetter (@davidrvetter.bsky.social) July 4, 2025 at 2:57 AM
While Octagon aficionados cheered the prospect of a 1600 Pennsylvania Avenue fight card, many observers couldn't help but notice parallels with the plot of Mike Judge's 2006 film "Idiocracy," a satirical skewering of issues including the erosion of White House decorum in a future when IQs have plummeted and a sports drink corporation owns the country, whose voters elect Dwayne Elizondo Mountain Dew Camacho, "five-time ultimate smackdown champion and porn superstar," as president.
"If anyone defends Trump saying there will be a UFC fight on the White House lawn never listen to them again," former Republican Congressman Adam Kinzinger of Illinois wrote on the social media site X Friday, adding that Trump's announcement was like the "plot to 'Idiocracy' with an equally stupid-ass president."
Another X user fumed: "This is what happens when a failed empire hits rock bottom and throws a party about it. UFC fight on the White House lawn to celebrate 250 years of what used to be a country with brains. This ain't strength, this is pure fucking Idiocracy. Straight out of Rome before it burned, give the mob a fight and some burgers while the world collapses around them.
Yet another social media critic joked that "'Idiocracy' was actually a documentary from the future, sent back in time as a warning to us all."
Some critics pointed to the decadeslong business ties between Trump and UFC President and CEO Dana White, who has donated at least $1 million to Trump's campaign coffers.
Others noted the "bread and circuses" vibes of Trump's proposed event, which some called a cynical ploy meant to distract from the devastating impact of policies like Friday's signing of a multi-trillion-dollar tax cut that will overwhelmingly benefit the rich and corporations, while ballooning the deficit and leaving millions of Americans without desperately needed health insurance coverage and food assistance.
"Americans, you won't have healthcare, Medicaid, public schools, nursing homes, rural hospitals, or SNAP. But, you'll get UFC fights on the White House lawn," New York Times opinion contributor Wajahat Ali wrote on Bluesky. "America, F-YEAH!"
Writing for The Guardian Saturday, Karim Zidan asserted: "Donald Trump's UFC stunt is more than a circus. It's authoritarian theater."
"It carries shades of fascist Italy under Benito Mussolini, particularly its obsession with masculinity, spectacle, and nationalism—but with a modern, American twist," he wrote. "Fascist Italy used rallies, parades, and sports events to project strength and unity."
"Similarly, Trump has relied on the UFC to project his tough-guy image, and to celebrate his brand of nationalistic masculinity," Zidan continued. "From name-dropping champions who endorse him to suggesting a tournament that would pit UFC fighters against illegal migrants, Trump has repeatedly found ways to make UFC-style machismo a part of his political brand."
"There was once a time when the U.S. could point to the authoritarian pageantry of regimes like Mussolini's Italy and claim at least some moral distance. That line is no longer visible," he added. "What was once soft power borrowed from strongmen is now being proudly performed on America's own front lawn."
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"Experts warned for months that drastic and sudden cuts at the National Weather Service by Trump could impair their forecasting ability and endanger lives during the storm season," said one critic.
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As catastrophic flooding left scores of people dead and missing in Texas Hill Country and President Donald Trump celebrated signing legislation that will eviscerate every aspect of federal efforts to address the climate emergency, officials in the Lone Star State blasted the National Weather Service—one of many agencies gutted by the Department of Government Efficiency—for issuing faulty forecasts that some observers blamed for the flood's high death toll.
The Associated Press reported Saturday that flooding caused by a powerful storm killed at least 27 people, with dozens more—including as many as 25 girls from a summer camp along the Guadalupe River in Kerr County—missing after fast-moving floodwaters rose 26 feet (8 meters) in less than an hour before dawn on Friday, sweeping away people and pets along with homes, vehicles, farm and wild animals, and property.
"Everybody got the forecast from the National Weather Service... It did not predict the amount of rain that we saw."
"The camp was completely destroyed," Elinor Lester, 13, one of hundreds of campers at Camp Mystic, told the AP. "A helicopter landed and started taking people away. It was really scary."
Kerr County Sheriff Larry Leitha said during a press conference in Kerrville late Friday that 24 people were confirmed dead, including children. Other officials said that 240 people had been rescued.
Although the National Weather Service on Thursday issued a broad flood watch for the area, Texas Division of Emergency Management Chief Nim Kidd—noting that the NWS predicted 3-6 inches of rain for the Concho Valley and 4-8 inches for the Hill Country—told reporters during a press conference earlier Friday that "the amount of rain that fell in this specific location was never in any of those forecasts."
After media reports & experts warned for months that drastic & sudden cuts at the Nat Weather Service by Trump could impair their forecasting ability & endanger lives during the storm season, TX officials blame an inaccurate forecast by NWS for the deadly results of the flood.
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— Ron Filipkowski (@ronfilipkowski.bsky.social) July 5, 2025 at 3:19 AM
"Listen, everybody got the forecast from the National Weather Service," Kidd reiterated. "You all got it; you're all in media. You got that forecast. It did not predict the amount of rain that we saw."
Kerrville City Manager Dalton Rice also said during the press conference that the storm "dumped more rain than what was forecasted" into two forks of the Guadalupe River.
Kerr County judge Rob Kelly told CBS News: "We had no reason to believe that this was gonna be anything like what's happened here. None whatsoever."
Since January, the NWS—a branch of the National Oceanic and Atmospheric Administration (NOAA)—has reduced its workforce by nearly 600 people as a direct result of staffing cuts ordered by the Department of Government Efficiency, or DOGE, as part of Trump's mission to eviscerate numerous federal agencies.
This policy is in line with Project 2025, the Heritage Foundation-led blueprint for a far-right overhaul of the federal government that calls for "dismantling" NOAA. Trump has also called for the elimination of the Federal Emergency Management Agency, arguing that states should shoulder most of the burden of extreme weather preparation and response. Shutting down FEMA would require an act of Congress.
Many of the fired NWS staffers were specialized climate scientists and weather forecasters. At the time of the firings, Rep. Jared Huffman (D-Calif.), the ranking member of the House Natural Resources Committee, was among those who warned of the cuts' deadly consequences.
"People nationwide depend on NOAA for free, accurate forecasts, severe weather alerts, and emergency information," Huffman said. "Purging the government of scientists, experts, and career civil servants and slashing fundamental programs will cost lives."
Writing for the Texas Observer, Henry D. Jacoby—co-director of the Massachusetts Institute of Technology Joint Program on the Science and Policy of Global Change—warned that "crucial data gathering systems are at risk."
"Federal ability to warn the public is being degraded," he added, "and it is a public service no state can replace."
On Friday, Trump put presidential pen to congressional Republicans' so-called One Big Beautiful Bill Act, a $4 trillion tax and spending package that effectively erases the landmark climate and clean energy provisions in the Inflation Reduction Act signed by then-President Joe Biden in 2022.
As Inside Climate News noted of the new law:
It stomps out incentives for purchasing electric vehicles and efficient appliances. It phases out tax credits for wind and solar energy. It opens up federal land and water for oil and gas drilling and increases its profitability, while creating new federal support for coal. It ends the historic investment in poor and minority communities that bear a disproportionate pollution burden—money that the Trump administration was already refusing to spend. It wipes out any spending on greening the federal government.
Furthermore, as MeidasNews editor-in-chief Ron Filipkowski noted Saturday, "rural areas hit hardest by catastrophic storms are the same areas now in danger of losing their hospitals after Trump's Medicaid cuts just passed" as part of the budget reconciliation package.
At least one congressional Republican is ready to take action in the face of increasing extreme weather events. Rep. Marjorie Taylor Greene (R-Ga.)—who once attributed California wildfires to Jewish-controlled space lasers—announced Saturday that she is "introducing a bill that prohibits the injection, release, or dispersion of chemicals or substances into the atmosphere for the express purpose of altering weather, temperature, climate, or sunlight intensity."
"It will be a felony offense," she explained. "We must end the dangerous and deadly practice of weather modification and geoengineering."
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Muhannad al-Lili's killing by Israeli airstrike came as the world mourned the death of Portugal and Liverpool star Diogo Jota and his brother André Silva in a car crash in Spain.
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Muhannad Fadl al-Lili, captain of the Al-Maghazi Services Club and a member of Palestine's national football team, died Thursday from injuries suffered during an Israeli airstrike on his family home in the central Gaza Strip earlier this week, making him the latest of hundreds of Palestinian athletes killed since the start of Israel's genocidal onslaught.
Al-Maghazi Services Club announced al-Lili's death in a Facebook tribute offering condolences to "his family, relatives, friends, and colleagues" and asking "Allah to shower him with his mercy."
The Palestine Football Association (PFA) said that "on Monday, a drone fired a missile at Muhannad's room on the third floor of his house, which led to severe bleeding in the skull."
"During the war of extermination against our people, Muhannad tried to travel outside Gaza to catch up with his wife, who left the strip for Norway on a work mission before the outbreak of the war," the association added. "But he failed to do so, and was deprived of seeing his eldest son, who was born outside the Gaza Strip."
According to the PFA, al-Lili is at least the 265th Palestinian footballer and 585th athlete to be killed by Israeli forces since they launched their assault and siege on Gaza following the October 7, 2023 Hamas-led attack on Israel. Sports journalist Leyla Hamed says 439 Palestinian footballers have been killed by Israel.
Overall, Israel's war—which is the subject of an International Court of Justice (ICJ) genocide case—has left more than 206,000 Palestinians dead, maimed, or missing, and around 2 million more forcibly displaced, starved, or sickened, according to Gaza officials.
The Palestine Chronicle contrasted the worldwide press coverage of the car crash deaths of Portuguese footballer Diogo Jota and his brother André Silva with the media's relative silence following al-Lili's killing.
"Jota's death was a tragedy that touched millions," the outlet wrote. "Yet the death of Muhannad al-Lili... was met with near-total silence from global sports media."
Last week, a group of legal experts including two United Nations special rapporteurs appealed to the Fédération Internationale de Football Association, the world football governing body, demanding that its Governance Audit and Compliance Committee take action against the Israel Football Association for violating FIFA rules by playing matches on occupied Palestinian territory.
In July 2024, the ICJ found that Israel's then-57-year occupation of Palestine—including Gaza—is an illegal form of apartheid that should be ended as soon as possible.
During their invasion and occupation of Gaza, Israeli forces have also used sporting facilities including Yarmouk Stadium for the detention of Palestinian men, women, and children—many of whom have reported torture and other abuse at the hands of their captors.
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