Between 2020 and 2023, the European Investment Bank lent more than €11 billion to seven major corporate clients—Iberdrola, Stellantis, Intesa Sanpaolo, Leonardo, Orange, Northvolt, and the Gavi Alliance. Over the same period, these companies earned €100 billion in profits, distributed €38,7 billion in dividends, and spent €11,9 billion on share buybacks.

#Report: https://counter-balance.org/publications/how-the-eib-boosts-corporate-profits-while-the-public-pays-the-price

#transition #policies #sovereignty #money #policy #politics #economy #banking #finance #Europe #EU #EIB

There is no #transition:
Climate policies reduce annual GHG #emissions by about 1 Gt/year (0.6 to 1.8 giga-tonnes of CO₂-equivalent/year): https://www.inet.ox.ac.uk/publications/climate-policies-that-achieved-major-emission-reductions-global-evidence-from-two-decades
So, policies of climate change #mitigation achieve 2% of the requirements. Emissions continue at around 50 times more: http://data.yt/projections/2024-results.html#overview-chart

#climatePolicies #greenTransition #energyTransition #footprint #GHG #CO2 #policies #carbon #offsets #COP29 #sovereignty #money #power #policies #policy #debt #politics #economy #ParisAgreement

I agree that our language should be plain.

• Nation-states do not reimburse debt. (They restructure it.)
• Nation-states can obtain funding by issuing they own money (or credit).
• Nation-states invest or spend as much as they want by issuing they own money (or credit).

#slogans #debt #deficit #sovereignty #money #centralBanks #currency #MMT #power #wealth #settlements #transactions #policy #government #politics #economy #policies #climatePolicies #economics #economy

"The only alternative is to get on with the #policies the #government believes are required, communicate them as best as possible, and ignore the lobby going feral. This is a better fit with #Starmer’s and #Reeves’s characters, but it does mean operating with an even more intensely negative #media backdrop than #Labourgovernments usually have."

The #presslobby is going feral—ignore it
https://www.prospectmagazine.co.uk/politics/69113/the-press-lobby-is-going-feral-reeves-starmer

#UKJournalism
#Westminster
#tabloidjournalism
#UKpol
#Westminsterlobby

Southern Africa: Growing Authoritarianism Threatens Rights

https://www.hrw.org/news/2025/01/16/southern-africa-growing-authoritarianism-threatens-rights

Several governments across Southern Africa grew increasingly authoritarian and intolerant of dissent throughout 2024. Attacks on civic space and media have far-reaching implications…

#Africa #Authoritarianism #HumanRights #Intolerance #Attacks #CivicSpaces #Media #PoliticalPrisoners #Power #Competition #Journalists #GovernmentKillings #Displacement #BlockingAid #Discrimination #Policies #Fraud #Corruption