COP27: Call for big oil companies to be taxed to fund climate loss and damage

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COP27: Call for big oil companies to be taxed to fund climate loss and damage
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The financial cost of climate change has become one of the most contentious issues at COP27 - but can delegates find a way to address it? alextomo reports from Sharm el-Sheikh.

If Republicans gain control of the House of Representatives in the US midterms, they will hold the financial reins and that is expected to have an impact on President Biden’s climate crisis agenda.

No wonder the results are being watched very closely at the COP27 conference in Egypt, where the issue of who is financially responsible for tackling climate change is firmly centre stage.

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