The Future is Equal

Rachel Schaevitz

Less than seven percent of pre-conflict water levels available to Rafah and North Gaza, worsening a health catastrophe

Oxfam says: COP29 deal is a “global Ponzi scheme”

Responding to the COP29 climate finance agreement, in which rich countries agree to mobilize $300 billion a year to help Global South countries cope with warming temperatures and switch to renewable energy, Oxfam International’s Climate Change Policy Lead, Nafkote Dabi, said:

“The terrible verdict from the Baku climate talks shows that rich countries view the Global South as ultimately expendable, like pawns on a chessboard. The $300 billion so-called ‘deal’ that poorer countries have been bullied into accepting is unserious and dangerous —a soulless triumph for the rich, but a genuine disaster for our planet and communities who are being flooded, starved, and displaced today by climate breakdown. And as for promises of future funding? They’re just as hollow as the deal itself.”

Oxfam Aotearoa’s Climate Justice Lead Nick Henry said: “The failure to meet the global need for climate finance is a failure of empathy from the leaders of rich countries.” 

“New Zealand’s climate grants are an essential lifeline for our Pacific region and a positive example of public grants, not debt. Our government needs to continue ramping up this finance to at least meet our fair share of the new global goal.” 

Oxfam International’s Climate Change Policy Lead, Nafkote Dabi continues, “The money on the table is not only a pittance in comparison to what’s really needed –it’s not even real “money”, by and large. Rather, it’s a motley mix of loans and privatized investment –a global Ponzi scheme that the private equity vultures and public relations people will now exploit. The destruction of our planet is avoidable, but not with this shabby and dishonorable deal. The richest polluters need to wise up —and pay up.”

 

Contact information

Rachel Schaevitz in Auckland, NZ | [email protected] | 027 959 5555 
Jeshua Hope in Suva, Fiji | [email protected] | +679 7500889

Lebanon struggles to cope with Israel’s military invasion

The Lebanese authorities, communities and humanitarian agencies are struggling to shelter and provide the necessities of life to over one million people fleeing Israel’s airstrikes and invasion to the south, Oxfam said today. 

Oxfam is working with local partners in Lebanon and alongside other aid agencies as part of the government’s humanitarian response plan following Israel’s invasion of Southern Lebanon and aerial bombardment. 

Oxfam assessments in shelters across Lebanon have found people most need mattresses, bedding, and cooking and sanitation items. Women also need sanitary pads, towels, and underwear. Oxfam and partners have started distributing some of this aid as well as water. 

Gheith Bittar, Executive Director for Oxfam partner SHIFT – Social Innovation Hub, said more displaced people are arriving by the day and he fears shelters may buckle under the strain.  

 “The shelters are not ready to host the number of IDPs we are taking on and 629 are already full. They are public schools that are not equipped to be shelters and we are facing problems. For example, we don’t have hot water for showers. We will get to a point where we won’t be able to cope. Without funds, we cannot sustain our support to the shelters. The ground invasion will only increase the number of IDPs, and we have already seen an increase in the number of displaced people on a daily basis with the continuous bombardment. The situation will only get worse as winter approaches. 

 “People are coming to us traumatised. Most of them have lost their houses and relatives. Some of them were scared because of the scale of bombardment as they were fleeing, and many others because of their fear of the unknown coming to a new city. People are suffering, they have many, many, issues to think about,” 

Oxfam says without a ceasefire the greenlight by Israel to a ground invasion in southern Lebanon will likely lead to a further escalation of the conflict and fighting, that will cause even more destruction of communities and inflame an already volatile region. 

“The ground invasion and bombardment that includes Beirut and the southern suburbs will create a serious challenge for the humanitarian system in a few short days. People are being forced to flee with little to no notice, and often having to leave everything behind to shelters that are inadequate or sharing crowded homes with few essential supplies. None know when they can return. Without a ceasefire the number of people desperately in need will only grow, as will their needs. The shelter system is set to collapse if there is no peace on the horizon,” said Oxfam’s Lebanon Country Director, Bachir Ayoub. 

 “The needs of people in Lebanon who’ve been injured, traumatised and displaced, in fear of what the future might hold for them, are already huge. No other solution other than a ceasefire can alleviate the crisis they are facing,” Ayoub said. 

 There must be an end to this violence. All parties must stop fighting. We need safe space to get people the aid they need,” he said.  

Notes to editors:

  • Oxfam has worked in Lebanon since 1993, in partnership with local organisations, to support disadvantaged people with cash, clean water, and proper sanitation, as well as income-generating opportunities, advocating for women’s rights and reproductive health services, and renewable energy solutions.   
  • We also work with Syrian and Palestinian refugees, as well as Lebanese communities, including people with disabilities and migrant workers.
  • We work with 30 local partner organisations in North Lebanon, the Bekaa Valley, and Beirut who deeply understand the needs of the communities they are part of. 
  • Over the past decade, we have responded to the multiple crises Lebanon has faced, including the Syria crisis, the COVID-19 pandemic, the Beirut Blast, the Economic crisis, the 2022 cholera outbreak, and violent conflicts.   

Contact information:

Rachel Schaevitz — [email protected]

Oxfam responds to Lebanon Crisis

Oxfam is responding to the escalating crisis in Lebanon, providing essential support to the hundreds of thousands of people who have been forced to flee as Israeli airstrikes bombard their homes and communities. The influx of internally displaced people, primarily from southern Lebanon, will quickly create disastrous conditions for local communities, beyond the ability of an overloaded international humanitarian system to properly meet. 

Oxfam and our partners are supporting internally displaced people in shelters in Beirut, Mount Lebanon and North Lebanon with clean water and sanitation, emergency cash, food, and hygiene and menstrual hygiene kits.  

Oxfam’s Lebanon country director Bachir Ayoub said the country can ill afford this on top of existing crises.  

“This conflict was predictable and avoidable. It is the result of the failure to achieve a ceasefire in Gaza. For decades, the people of Lebanon have endured one crisis after another without getting the opportunity to fully recover. This latest emergency will only deepen the existing challenges facing the people of Lebanon and further destabilize an already volatile region.” 

The international community must condemn this escalation and take bold action to stop it now. Israel continues to act with impunity and it must be held to account for its actions in both Lebanon and Gaza. All parties must abide by international humanitarian law and held to account where potential violations may be involved.  

The spread of hostilities into Lebanon has inflicted immense damage on civilian infrastructure and led to a tragic loss of life. Lebanon and the region cannot afford to bear the weight of this crisis. This broader regional escalation underscores the urgent need for an immediate and permanent ceasefire in Gaza.  

Notes to editors:

  • Oxfam has worked in Lebanon since 1993, in partnership with local organisations, to support disadvantaged people with cash, clean water, and proper sanitation, as well as income-generating opportunities, advocating for women’s rights and reproductive health services, and renewable energy solutions.   
  • We also work with Syrian and Palestinian refugees, as well as Lebanese communities, including people with disabilities and migrant workers.
  • We work with 30 local partner organisations in North Lebanon, the Bekaa Valley, and Beirut who deeply understand the needs of the communities they are part of. 
  • Over the past decade, we have responded to the multiple crises Lebanon has faced, including the Syria crisis, the COVID-19 pandemic, the Beirut Blast, the Economic crisis, the 2022 cholera outbreak, and violent conflicts.   

Contact information:

Rachel Schaevitz — [email protected]

World’s top 1% own more wealth than 95% of humanity

  • Over a third of world’s biggest 50 corporations —worth $13.3 trillion— now run by a billionaire or has a billionaire as a principal shareholder.
  • Global South countries own just 31 percent of global wealth, despite being home to 79 percent of global population.
  • Oxfam urges multilateral action to advance new global framework on tax, cancel debts and rewrite intellectual property rules for pandemics.

The richest 1 percent have more wealth than the bottom 95 percent of the world’s population put together, new Oxfam analysis of UBS data reveals today ahead of the annual UN High-Level General Debate.

 

Billionaires are exerting new levels of control over economies, with a billionaire either running or the principal shareholder of more than a third of the world’s top 50 corporations. The combined market capitalization of these corporations is $13.3 trillion.

 

Oxfam’s briefing paper “Multilateralism in an Era of Global Oligarchy” warns that multilateral efforts to respond to critical global challenges, including the climate crisis and persistent poverty and inequality, are being undermined by the ultra-wealthy and mega-corporations fueling inequality within and between countries.

 

Despite being home to 79 percent of the world’s population, Global South countries own just 31 percent of global wealth.

 

“The shadow of global oligarchy hangs over this year’s UN General Assembly. The ultra-wealthy and the mega-corporations they control are shaping global rules to serve their interests at the expense of people everywhere. The iconic UN podium is increasingly feeling diminished in a world in which billionaires are calling the shots,” said Amitabh Behar, Oxfam International’s Executive Director.

 

The paper describes a “movement toward a global oligarchy,” where the ultra-rich, often through their increasingly monopolistic corporations, shape global political decision-making and rules to enrich themselves while thwarting vital global progress.

 

The top 1 percent own 43 percent of all global financial assets. Just two corporations control 40 percent of the global seed market. The “big three” US-based asset managers —BlackRock, State Street, and Vanguard— hold $20 trillion in assets, close to one-fifth of all investable assets in the world.

 

“While we often hear about great power rivalries undermining multilateralism —it is clear that extreme inequality is playing a massive role. In recent years the ultra-wealthy and powerful corporations have used their vast influence to undermine efforts to solve major global problems such as tackling tax dodging, making Covid-19 vaccines available to the world and canceling the albatross of sovereign debt,” said Behar.

 

Oxfam details three recent examples of extreme inequality eroding multilateral efforts —and where civil society and Global South leaders have offered inequality-busting solutions:

 

  • Powerful corporations undermining tax cooperation. The OECD/G20 Inclusive Framework on Base Erosion and Profit Sharing (BEPS) fell short of realizing its potential, with new rules for profit allocation that will deliver only tiny extra revenues for lower-income countries of as little as 0.026 percent of their GDP. The exclusion of financial services from OECD rules is a carve-out attributed to lobbying from countries with large banking and financial sectors. Global South countries, led by African countries, are instead advancing negotiations for a fairer tax convention at the UN that, along with Brazil’s leadership at the G20, offer a pathway for fairly taxing the super-rich and mega-corporations.
  • Big Pharma resisting efforts to break up their monopolies over Covid-19 vaccine technologies to unlock supply. Monopoly control over vaccine production was highly profitable during the pandemic. In 2021 alone, the seven largest manufacturers generated an estimated $50 billion in net profit from the sale of Covid-19 vaccines, resulting in huge payouts to rich shareholders and the emergence of new vaccine billionaires. The CEO of Pfizer Albert Bourla described the call to share Covid-19 vaccine technologies as “dangerous nonsense.” The failure to equitably share vaccines contributed to as many as 1.3 million excess deaths worldwide. A new pandemic treaty with strong provisions to suspend patents and allow for easier transfers of technology offers promise.
  • Private creditors exacerbating the global debt crisis. Low-income countries spend nearly 40 percent of their annual budgets on debt service, over 60 percent more than they spend on education, health, and social protection combined. Over half of low- and middle-income countries’ external debt is owed to private lenders like banks and hedge funds. Some of these creditors are “vulture funds,” which purchase distressed debt on the cheap and exploit legal mechanisms to be repaid in full, reaping outsized profits.

“Only a solidarity-based multilateralism can reverse the movement toward global oligarchy. Some world leaders are showing they recognize this and are stepping up to fight inequality —but we need many more to demonstrate this courage,” said Behar.

“Ultimately, a fairer world and international order —where corporations pay their fair share, global public health is prioritized, and where all countries can invest in their own people— benefits us all. This is not new, and it’s long what leaders especially from the Global South have called for.” 

 

ENDS

 

Notes to editors

 

Download Oxfam’s briefing paper “Multilateralism in an Era of Global Oligarchy..

 

The pandemic has created at least 40 new pharmaceutical billionaires.

 

Oxfam’s recent analysis of more than 180 of the largest US public corporations shows that they collectively spent $746 million on lobbying in 2022, an average of $4.1 million each.

 

Contact information:

Rachel Schaevitz — [email protected]

 

Risk of disease outbreak as Bangladesh floods

Note to the editors: 

  • According to the UN, Bangladesh Water, 520 unions of 77 Upazilas of 10 districts have been severely impacted. Source: UN Situation Report, 30 August 2024 
  • According to the Department of Public Health Engineering (DPHE) report, as of 31 August 2024, 295,689 latrines have been damaged.  

Contact information:

Rachel Schaevitz, [email protected]