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WDM condemns the link between public money and Cairn’s Arctic drilling. RBS underwrote loan to oil company one month before it acquired rig for arctic drilling.

The WTO mini-ministerial in Delhi has now concluded. On first appearances, it looks as if the meeting has given a boost to the cause of free trade and a WTO deal break through. Afterall, Shri Anand Sharma, India's commerce and industry minister issued a final statement to say, "There was a unanimous affirmation on the need to conclude the Doha Round within 2010."

Barclays’ £1.5 billion investment banking bonus pool could pay for school meals for two years for the 23 million primary age children who attend school hungry across Africa, according to figures from the World Development Movement.  

The anti-poverty group has slammed the bank for its involvement in speculation on food prices which is fuelling global price spikes, incentivised by bonuses which it claims reward risky and socially damaging behaviour. 

The total bonus pool for the bank’s investment arm could pay for 9.6 billion meals, the campaign group said today.  

On Tuesday an unprecedented legal battle took place in the High Court over the Treasury's failure to stop the publicly owned Royal Bank of Scotland (RBS) investing in what campaigners describe as 'some of the most environmentally damaging and socially irresponsible projects and companies around.'

The start of an unusal mobilisation of pension fund members has been kicked off by the organisation FairPensions to attempt to hold BP and Shell to account for their investment in tar sands.


The idea is that individuals contact their pension funds, through an online action, to show support of environmental resolutions that have been tabled at the annual meetings of BP and Shell this spring. These call on the oil giants to report on the investment risks associated with tar sands and their plans to address them.

The UK today banned 'third world debt profiteering' by so-called vulture funds. The Debt Relief (Developing Countries) Bill is the world’s first law to restrict the ability of vulture funds to sue some of the world’s poorest countries for full repayment of debts that they have bought up cheaply.

This December 7-18 negotiations will take place in Copenhagen in an attempt to reach an international agreement to tackle climate change.

 The World Development Movement has today warned that the UK’s new drive to provide aid to Somalia is looking like a ‘cynical’ attempt to grab its oil, rather than being aimed at ensuring a better future for people in one of the world’s poorest countries.

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