I welcome Johnson’s conversion on #ClimateChange at #Cop26, but the rhetoric is divorced from his actions. At a basic level, approving a new coal mine and oil licenses, and cutting tax on short haul flights is criminal. 1/7 gov.uk/government/spe…
But the bigger problem is that Johnson thinks the market, big business & big finance will save us. That means while lecturing other countries on climate, he’s expanding a hyper-globalised, neo-colonial economy that is incompatible with tackling the #ClimateEmergency. #COP26 2/7
The trade deals he’s signing will make things worse. More food flown round the world, more industrial agriculture, less regulation, and more power to big business, which allows energy corporations to sue governments for taking 👇 #ClimateAction 3/7 news.sky.com/story/fossil-f…
The finance system he loves has created a massive debt crisis, preventing countries dealing with a climate crisis they haven’t created. The financialised economy is a key driver of climate change: nothing can get in the way of their short-term profits 4/7 theguardian.com/environment/20…
You can see this in the way big banks are talking about their commitment to the climate, while at the same time bankrolling fossil fuel. They claim they can offset emissions through yet to be invented tech and new market mechanisms. Heaven help us. 5/7 corporateeurope.org/sites/default/…
Yes, wealthy countries must offer decent climate finance. But the PM’s offer is a pittance. We’re not close to the decade-old $100bn commitment. The UK isn't close the reparations we should be paying for our fair share of historical emissions. 6/7 globaljustice.org.uk/blog/2021/10/t…
Bottom line: a world controlled by big business is the problem not the solution. Putting finance in charge of getting us out of the #ClimateEmergency is putting sharks in charge of the swimming pool. We’ve got to change the neo colonial, hyper-globalised economy. #COP26 7/7

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More from @nickdearden75

14 Sep
Great piece by @tomperrett97 showing how the corporate court system doesn't only mean governments get sued for enacting #ClimateAction - they may be forced to reverse these vital policies 1/6 #NoISDS bylinetimes.com/2021/09/13/the…
A reminder, this system was developed as a 'magna carta for capitalism' to help undermine the decolonial movements of the 50s-70s, as explained here by @_BvdM 2/6 newstatesman.com/business/2021/…
More recently, they've become a multimillion dollar industry which is helping fossil fuel corporations challenge climate action and maintain their profits, often raising funds to engage in new oil/ coal/ gas exploration. #ClimateEmergency 3/6 aljazeera.com/opinions/2021/…
Read 6 tweets
29 Jul
New figures from @peoplesvaccine today show that Big Pharma monopolies are making vaccinating the world at least 5 times as expensive as it needs to be. “The most lethal profiteering in history” says @Anna_Marriott (1/5) #PeoplesVaccine
Pfizer & Moderna accused of overcharging by around $41billion. These corporations received over $8billion in public support, and could be making their drug for as little as $1.20 a dose. Covax has been paying 5 times that. (2/5) oxfam.org/en/press-relea…
Uganda just lost 50 health workers in one week. One dose of Pfizer costs what the country spends per citizen on healthcare over a year. (3/5)
Read 5 tweets
18 Dec 20
Our new report shows why we can't trust Big Pharma to deal with #Covid_19 fairly. It’s an industry driven by sky high profits. While public money has produced vaccines in record time, those medicines have now been privatised! (1/12) globaljustice.org.uk/resources/horr…
Six of the biggest corporations in the #Covid_19 market generated $266 billion last year, with profits totalling $46bn. Johnson & Johnson is more wealthy than rich countries like New Zealand and Hungary. Pfizer’s revenues are bigger than oil-rich Kuwait or Malaysia. (2/12)
How have they got rich? We look at examples. Pfizer hiked the price of on anti-epilepsy drug on which 48,000 NHS patients relied. #NHS annual spend on the drug rose from £2mn to £50mn in a year. Pharmacies faced hikes of up to 2,600%! (3/12) gov.uk/government/new…
Read 12 tweets
13 Nov 20
The #G20 statement on ‘a new debt system’ today is shockingly bad. Expectations were very low, but this is truly underwhelming nonetheless. #CancelTheDebt (1/5) jubileedebt.org.uk/press-release/…
No compulsion for big banks or World Bank to write down debt. It’s all the responsibility of the debtor country, which in the current system has little power. Everything will be done to ensure as little debt is cancelled as possible. (2/5) g20.org/en/media/Docum…
On the day Zambia teeters on default this is pure ‘head in the sand’. Zambia spends 4x more on external debt than public healthcare. Meanwhile some ultra-rich bondholders could make up to 250% profit. (3/5) jubileedebt.org.uk/press-release/…
Read 5 tweets
19 Oct 20
Global South countries tell the WTO: we must suspend trade rules on patents if we’re to deal with #COVID19. Rich countries reply: ‘no, no, you’ll be totally fine, don’t worry’. (1/7) keionline.org/34235
Britain – which has tried to undermine schemes to allow #Covid19 medicines for all – tells poorer countries that they are being ‘extreme’ in wanting to suspend patent monopolies. (2/7)
gov.uk/government/new…
Britain says: ‘don’t worry we have global schemes to promote medicines for all’. India rightly replies, hang on a minute: rich countries have tried to weaken those schemes to the point that not a single Big Pharma company is participating. (3/7) Image
Read 7 tweets
14 Oct 20
As Blackrock announce an 18% increase in 2020 revenue, and $7.8 *trillion* in assets, we release figures on how Blackrock and fellow banks are profiting from the #COVID19 debt crisis in Africa and beyond. #CancelTheDebt (1/9) globaljustice.org.uk/news/2020/oct/…
Today the G20 will extend debt relief in 2021, but this isn’t proper cancellation AND doesn’t include big banks who are raking it in. Lower income countries will pay $13 billion to rich investors by end 2020 (2/9) in.reuters.com/article/imf-wo…
This includes the richest banks and funds on the planet: Blackrock, HSBC, Goldman. Blackrock alone – with assets worth two and half times more than the GDP of all of #Africa - hold US$1 billion of bond debt in Ghana, Kenya, Nigeria, Senegal and Zambia. (3/9)
Read 9 tweets

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