A leaked text from the 'Trade In Services Agreement' negotiations shows that TISA is set to unleash a massive wave of deregulation affecting social, environmental and financial standards, and force the privatisation of state-run enterprises, writes Pete Dolack. So it's not just TTIP, CETA and TPP we have to fight - TISA could be the biggest corporate power grab of them all.
… to force draconian social, environmental, financial deregulation Pete Dolack Systemic … affecting social, environmental and financial standards, and force the … were to go into effect, regulation of the financial industry would be effectively …
The finance industry faces a 'wicked' problem, says Mark Carney, Governor of the Bank of England. Climate change creates risks that threaten the financial system to its foundations - but on a timescale beyond the usual horizon for investment decisions. The only way to reduce those risks is to act with unusual foresight - and avoid abrupt and destabilising transitions.
… Financial instability and the tragedy of the … change creates risks that threaten the financial system to its foundations - but on a … monetary policy extends out to 2-3 years. For financial stability it is a bit longer, but …
The main engine of economic exploitation is the financial system's ever increasing extraction of value through interest payments, according to economist Michael Hudson. Paul Craig Roberts finds his analysis all too accurate, as the over-financialized economies of western countries head down a spiral of poverty, decline, injustice and despair.
… 'Killing the Host': the financial system is destroying the global … main engine of economic exploitation is the financial system's ever increasing extraction … his analysis all too accurate, as the over-financialized economies of western countries …
The banks' support for fossil fuel extraction and climate breakdown could instigate the next crash with unprecedented costs for innocent people ten years on from the 2008 financial crisis.
… with fossil fuels could cause the next financial crisis Chris Saltmarsh | 17th … 2018 | Comment Thought Leader Finance Financial Crisis Banks Fossil Fuels Climate … innocent people ten years on from the 2008 financial crisis. A decade on from the global …
Where does money comes from? In the 97% of the money we use is created by commercial banks out of thin air, as they advance credit. Charlotte Jackson argues that this system costs us all dear - as citizens, debtors, taxpayers, and as victims of economic instability
… the money we use was a root cause of the financial crisis. Through their lending, banks … In the decade leading up to the financial crisis, this money was directed primarily into the financial and property markets with only 13% …
The UK's financing of fossil fuels abroad increased tenfold in two years to exceed £1 billion in 2013 / 2014, writes Christine Ottery. Incredibly, the fossil fuel funding increase came after a government promise to use the money to support 'innovative and green technologies'.
… UK's soaraway financial support to foreign fossil fuels … and green technologies'. The UK government financial support to fossil fuel industries … almost £1.1bn was handed out in the last financial year, 2013 / 2014, more than ten …
Earth Overshoot Day takes place today. So we ask, is the finance sector bankrupting the planet?
… situation, and one that is exacerbated by the financial sector. The vast majority of … and this has to change. Kicking Every financial transaction has an impact, negative … to a better world, or not. The choice that a financial institution makes to provide a loan …
A new paradigm of forest conservation is gaining ground, writes Isaac Rojas: 'financialising' them and the climate and ecological services they provide to global investors. But this is a false solution - and one that excludes the local and indigenous forest communities who can truly be relied upon to sustain their sylvan heritage.
… is gaining ground, writes Isaac Rojas: 'financialising' them and the climate and … believe they have found the answer - the financialisation of nature . In the case of forests, this means turning them into financial assets whose value depends on, for …
Reforms should be made to the Bank of England’s mandate to make climate stability a core purpose, according to a new report. CATHERINE EARLY reports
… for a more equitable and sustainable financial system, highlighted the threat that … presents to profits and stability of the financial sector, either through physical … England It also stated that banks and other financial institutions need to shift billions …
We need a new economics that centres our dependence on the environment to understand the coming instability of climate breakdown.
… economics to understand the dependence of the financial sector on the real economy, and in … the attention of increasingly conventional financial institutions, from major banks to … into the conventional functioning of the financial system, and the loss of its assumed …
Climate policy could bite on fossil fuel resource values much faster than financial markets anticipate, writes Sam Fankhauser. It's time investors wised up to the hazards of investing in fossil fuels, when two thirds of them may have to remain unexploited.
… Financial markets should get serious on … fossil fuel resource values much faster than financial markets anticipate, writes Sam … of international climate negotiations. Financial stability at risk So we may expect …
The UK's nuclear deal with China makes no sense, writes Jeffrey Henderson - unless you factor in the simultaneous agreement to forge lucrative links between UK and Chinese financial markets. Lucrative, that is, for the City institutions whose interests the British government so assiduously represents. As for the rest of us, our task is simple: to bear the ever-growing cost.
… forge lucrative links between UK and Chinese financial markets. Lucrative, that is, for the … the inter-penetration of the two countries' financial services. There would seem to be no … interests they might serve, the needs of financial services must be paramount. And the …
If there's one good thing about Trump, it's that he has put an end to the TPP and TTIP trade deals, right? Don't celebrate yet, writes Pete Dolack. There's another 'trade deal' waiting in the wings, TISA, and negotiators have been busy expanding its remit to include huge parts of TPP and TTIP, while giving free rein to the global behemoths of internet and finance to expand their monopolies.
… if passed would: prohibit regulations on the financial industry; eliminate laws to … on the size, expansion or entry of financial companies and a ban on new … but in reality is intended to enable the financial industry and Internet companies to …
Markets rise and markets fall, but the environment is in a terminal slump. Financial turmoil will pass - it's the planet we must focus on.
… Richard Heinberg | 30th November 1999 Comment Financial Crises Turmoil Planet Environment … but the environment is in a terminal slump. Financial turmoil will pass - it's the planet … by the convulsions of the US and global financial system. At stake are billions in …
The Indigenous Women’s Divestment Delegation is travelling to Europe on April 20 to call on banks and financial institutions to withdraw funding from extractive industries that threaten their environment and way of life. The delegation is being facilitated by the Women’s Earth and Climate Action Network. BRENDAN MONTAGUE reports
… to Europe on April 20 to call on banks and financial institutions to withdraw funding … Some of Europe’s most powerful banks and financial institutions continue in the … with political leaders, representatives of financial and insurance institutions, civil …
How will the covid-19 outbreak effect the world economy?
… Virus Trump Economy Economics Debt Recession Financial Crash donald_trump_29496131773.jpg … that they would be providing a great deal of financial support for companies that got into … had. It is normal enough for banks and other financial companies to invest twenty times the …
Polling by YouGov found 63 percent of public agreed big businesses should be given financial support only if they agree to environmental and social conditions.
… public agreed big businesses should be given financial support only if they agree to … UK Government and Bank of England offering financial support to Britain's largest … big businesses should only be given financial support if they agree to …
Financial industries and regulators must consider the ethics of investments, particularly when it comes to climate change.
… Investment Divestment guidetofinance.jpg Financial industries and regulators must … ethics of how your money is used by the financial system when you are not spending it … £6bn + endowment fund recently resigned. The Financial Times and others reported comments …
Creating cash should not be the responsibility of the private banking system, but of the common wealth. Let’s get mutual, urge Molly Scott Cato and Martin Large
… urge Molly Scott Cato and Martin Large As the financial vortex sucks down HBOS and Bradford … tested ways of reinventing banking and the financial system, both nationally and locally. Our financial system is a socially created and …
We must shift the terms of the climate debate from 'science and denial' to 'rights and power'.
… Trump, who makes a virtue of feeling secure financially in the short term at the expense … of action. Adair Turner (a former guardian of financial stability as head of the Financial Services Authority) can say on BBC …
Financial connections between some of the world’s most controversial corporations and leading UK engineering and science organisations uncovered in new research.
… Picks screenshot_2020-03-09_at_22.16.50.png Financial connections between some of the … this is not an isolated case of significant financial links between some of the world’s … for Global Responsibility (SGR) on the financial links between the fossil fuel and …
The financial industry has been quick to dismiss its role in pushing up food prices but with the evidence growing daily the Ecologist cuts through the jargon to explain the reality of food speculation
… interest in trading in food commodities The financial industry has been quick to dismiss … to explain the reality of food speculation Financial speculation in rich industrialised … down into two separate issues. Firstly, are financial players in commodity derivatives …
Europe's economic crisis has offered vast business opportunities to an all-powerful nexus of financial interests that have snapped up valuable state assets at bargain basement prices, defrauding the poorest countries of countless billions of euros, write Sol Trumbo & Nick Buxton. The EU's highest institutions are in the grip of a deep, systemic corruption that knows no boundaries.
… opportunities to an all-powerful nexus of financial interests that have snapped up … in Portugal, Italy and the UK. A nexus of financial power comes in for the kill So if … how many powerful legal, accountancy and financial firms are reaping profits from the …
There are two rules about the end costs of nuclear power, writes Ian Fairlie. It's far more than you ever knew. And whatever sum of money was ever set aside, it's nowhere near enough. Germany understands this. That's why it refused to let E.ON spin off its nuclear liabilities into a hands-off company. But the UK, it seems, has lost the ability to learn from its nuclear mistakes.
… When the party's over ... the financial spectre at the end of nuclear power … reactors are shut down for good, a host of financial liabilities continue with no income … would likely fail and its nuclear financial problems would very likely wind up …