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Search resuls for: "Max Lawson"


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Oxfam International published its inequality report, finding it could take 230 years to end poverty. AdvertisementIt will take multiple centuries to end poverty at the rate we're going, according to a recently published report. Oxfam International published its inequality report this month, detailing a slew of grim predictions about the ever-widening wealth gap. Advertisement"To end extreme inequality, governments must radically redistribute the power of billionaires and corporations back to ordinary people," the report's authors concluded. AdvertisementThe participation of global governments in the initiative to decrease wealth inequality will determine whether the world lapses into a future of "billionaire supremacy" or public power, the Oxfam report concluded.
Persons: , Rebecca Riddell, Nabil Ahmed, Alex Maitland, Max Lawson, Anjela, Oded Galor, Galor Organizations: Oxfam International, Service, Oxfam
The April meeting of G7 climate ministers eventually agreed, despite tussles between Japan and European nations, that gas investments "can be appropriate to help address potential market shortfalls" following Russia's invasion of Ukraine and the disruption it has caused in global energy markets. Saturday's G7 leaders statement at their summit in Japan's Hiroshima changed the language - eventually formulated by Germany, sources say - to include gas investments again, with the G7 saying it was "necessary to accelerate the phase-out of our dependency on Russian energy". DEFENDING THE STANCEGerman government officials rejected that criticism, saying investments are needed to get away from Russian gas and find a replacement. The G7 pledged to achieve a net-zero emissions goal by 2050 and to limit global warming to 1.5 degrees Celsius. Max Lawson, head of inequality policy at activist group Oxfam, said the G7 had maintained a loophole for new fossil gas investments using the Russian military conflict with Ukraine "as an excuse."
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