Politics of Poverty
ExxonMobil sues investors attempting to hold the company accountable.
In the past year, we've seen a vicious backlash against “ESG” (environmental, social, and corporate governance measures meant to hold companies to account). Now, in the wake of midterm elections that left us with a divided Congress, the agency charged with ensuring corporate transparency faces fierce political headwinds.
At COP27, Oxfam will advocate for rich nations and big polluters to deliver adequate and fair climate financing to developing countries (which did the least to cause the climate crisis, but are experiencing the worst impacts). Currently, climate financing schemes from developed countries are burdening developing countries with debt and limiting sustainable development for millions.