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COP16 fizzles out as rich countries block global nature fund (www.politico.eu)
submitted 2 weeks ago by [email protected] to c/[email protected]
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The outcome left African and Latin American nations furious and prompted some to refuse to engage on other biodiversity issues.

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[–] [email protected] 5 points 2 weeks ago (1 children)

The countries that opposed it were the European Union, Japan, Canada, Australia, New Zealand, Norway and Switzerland. I feel that these countries are not notorious for causing environmental destruction so I’d be interested in hearing their side of the argument. It just says in the article that they didn’t think it would help raise more money and would make things more complicated.

[–] hubobes 7 points 2 weeks ago* (last edited 2 weeks ago) (1 children)

Switzerland based companies control 60% of the global mineral trade, so there you have our incentive.

[–] [email protected] 5 points 2 weeks ago

And Australia rips up its resources to sell abroad, such as exporting brown coal.

We’re a nation built entirely on resource extraction, with some financial sector on the side.