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    Common Dreams. To inform. To inspire. To ignite change for the common good.
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    loss and damage

    Six protestors hold signs demanding loss and damage reparations.

    Big Oil Tax Could Boost Global Loss and Damage Fund by 2000%

    "The damages resulting from the industry’s operations are disproportionately borne by people who did not cause the crisis," said one campaigner.

    Eloise Goldsmith
    Nov 18, 2024

    A modest tax on the world's seven largest oil and gas companies could generate hundreds of billions of dollars by the end of the decade to assist poor and vulnerable communities with the impact of the climate crisis, according to a new analysis out Monday from the groups Greenpeace International and Stamp Out Poverty.

    The groups found that a tax on fossil fuel extraction, which would increase each year, combined with additional taxes on excess profits would grow the UN's Fund for Responding to Loss and Damage by more than 2,000%.

    Keep ReadingShow Less
    News
    big oil
    Protesters march with a banner which states 'Make polluters...

    Who Should Pay for Climate Damage? Majority of the World Agrees: Big Oil

    "As governments debate how to finance climate action, they can be confident that making polluters pay is not only fair, but also far more popular and effective than placing the burden on ordinary citizens."

    Brett Wilkins
    Nov 04, 2024

    A multinational survey commissioned by Greenpeace International and published Monday revealed that a majority of respondents favor making fossil fuel companies pay for being the main cause of the climate emergency.

    Greenpeace International's Stop Drilling, Start Paying campaign commissioned the strategic insight agency Opinium Research to survey 8,000 adults in eight countries—Australia, Argentina, France, Morocco, Philippines, South Africa, the United Kingdom, and the United States—ahead of this month's United Nations Climate Change Conference, also known as COP29, in Baku, Azerbaijan.

    Keep ReadingShow Less
    News
    big oil
    Leaders of Pacific island nations gather in Tonga for the 53rd Pacific Islands Forum Leaders Meeting (PIFLM53)

    Pacific Islands Summit Highlights Disproportionate Climate Impacts

    U.N. Secretary-General António Guterres stressed that "the region urgently needs substantial finance, capacities, and technology to speed up the transition and to invest in adaptation and resilience."

    Brett Wilkins
    Aug 26, 2024

    As more than 1,500 delegates from over 40 nations gathered in Tonga for the 53rd Pacific Islands Forum Leaders Meeting, climate defenders on Monday urged the world's biggest polluters to do much more to phase out the fossil fuels that are driving a planetary emergency disproportionately affecting low-lying island countries, which are among the world's lowest greenhouse gas emitters.

    "Tonga's vision for the 53rd Pacific Islands Forum Leaders Meeting (PIFLM53) is for the Pacific to move beyond policy deliberation to implementation—to achieve transformation by building better now," summit organizers said in a statement affirming the event's mission to "develop collective responses to regional issues and deliver on their vision for a resilient Pacific region of peace, harmony, security, social inclusion, and prosperity."

    Keep ReadingShow Less
    News

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