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On Feb 27, we will take to the streets in 🇩🇪 and in front of German embassies worldwide!
This day marks the 70th anniversary of the debt cancellation 🇩🇪 received after #WW2 in the #LondonAgreement.
Here is a little history lesson that you may not have heard in school:
🧵👇[1/18]
This day marks the 70th anniversary of the debt cancellation 🇩🇪 received after #WW2 in the #LondonAgreement.
Here is a little history lesson that you may not have heard in school:
🧵👇[1/18]
Post-war 🇩🇪 was a heavily indebted country:
there was pre-war debt, consisting of outstanding reparation payments from WW1 & private debts of German banks & companies (standstill debt), the amount of the debt made by the Nazi Government (Konversionskasse) and post-war debt👇[2/18
there was pre-war debt, consisting of outstanding reparation payments from WW1 & private debts of German banks & companies (standstill debt), the amount of the debt made by the Nazi Government (Konversionskasse) and post-war debt👇[2/18
Bear in mind that the #DeNazification of 🇩🇪 was never properly done: major powerful figures from the Third Reich remained in influential political & economic positions after the war, and were able to build their businesses also due to the outcome of the #LondonAgreement.👇[3/18]
NEW REPORT: We looked under the hood of G20 countries' international public finance for energy ahead of their Very Big Deadline to #StopFundingFossils.
🧵Here's more on the $55 billion / yr in fossil fuel money we found & how we can stop it 🧵
priceofoil.org/g20-at-a-cross…
🧵Here's more on the $55 billion / yr in fossil fuel money we found & how we can stop it 🧵
priceofoil.org/g20-at-a-cross…
GOOD NEWS: Public 💵 for fossils just dropped for the first time, and ~1/3 of this is from action from UK, @EIB, & others.
BAD NEWS: The rest of the drop is (a) just noise, (b) already overturned in early 2022 data, or (c) from worse data availability!
priceofoil.org/g20-at-a-cross…
BAD NEWS: The rest of the drop is (a) just noise, (b) already overturned in early 2022 data, or (c) from worse data availability!
priceofoil.org/g20-at-a-cross…
But there is a growing 🌊 of countries adding more fossil free public finance policies that could mean this trend continues. For this to happen, @OlafScholz, @JustinTrudeau, @POTUS, @ItalyMFA_int need to show up at #COP27 with policies too! priceofoil.org/g20-at-a-cross…
