A case in point: When Ecuador placed a windfall tax on foreign oil operations, French and U.S. companies filed claims—and were awarded more than $800 million.
QUITO, Ecuador—When Rafael Correa entered Ecuador’s presidency in 2007, the nation faced an opportunity and a challenge. Ecuador’s economy depended on oil, and global crude prices were near a record high. Much of the oil was extracted by foreign companies, however, so as prices surged more wealth began flowing overseas.
How Wealthy Corporations Use Investment Agreements to Extract Millions From Developing Countries
Climate Change
Bowen urged to lead with vision and ambition to accelerate fossil fuel phase out at Bonn climate meeting, as global energy crisis bites
Bonn, Germany, Monday 8 June 2026 — As the UN climate negotiations in Bonn commence, Greenpeace Australia Pacific is calling on Climate and Energy Minister Chris Bowen to lead with vision and ambition to advance multilateral climate cooperation, and use his unique position to drive concrete progress at COP31 and ensure a meaningful partnership with the Pacific.
In the context of a global energy crisis and turbulent geopolitics, the Bonn Climate Change Conference will be a critical moment to sustain emerging political momentum towards a just transition away from fossil fuels. The midway point on the road to COP31 in Türkiye in November, Bonn will be the first time Minister Bowen has attended a major UN conference in his role as COP31 President of Negotiations.
The start of the Bonn meetings also marks 100 days since the illegal US-Israel war on Iran sparked a global energy shock and after 57 countries including Australia met in Santa Marta, Colombia in April for the world’s first conference on the transition away from fossil fuels — a landmark moment signalling political winds of change in the face of threats to multilateralism.
Speaking from Bonn, Dr Simon Bradshaw, COP31 Lead at Greenpeace Australia Pacific, said: “Amidst a global energy crisis, accelerating climate disasters and a looming super El Niño, the urgency to accelerate climate action and break free from fossil fuel dependence has never been clearer.
“Minister Bowen has been telling Australia and the world that we are in a global ‘fossil fuel crisis’, and that unhooking from fossil fuels is fundamental both to tackling the climate crisis and to ensuring secure and affordable energy. It’s time to match that message with a clear vision and agenda for COP31 — one that has the transition away from fossil fuels at its heart.
“As COP31 President of Negotiations, Australia has both the opportunity and responsibility to build on the momentum of COP30 in Belém and the recent landmark conference in Santa Marta on transitioning away from fossil fuels. This includes leading by example at home, with an immediate halt to new fossil fuel projects — including the mammoth proposed Browse gas project — and committing to develop a national roadmap away from fossil fuel production.”
“Few countries have as much skin the game as Australia: we are a country highly vulnerable to extreme heat, fires, floods and other impacts of climate change, we are suffering the consequences of fossil fuel dependency in terms of our energy security and affordability, but we have some of the world’s best renewable energy opportunities.
“Bonn is a key moment for the incoming Presidency to start shaping the vision, building the necessary trust, and actively setting priorities and expectations for the COP. We therefore hope and expect our Minister to be much more vocal and active in Bonn.
“Australia, in partnership with the Pacific, is taking the reins of global climate cooperation at a critical moment in the world’s transition away from fossil fuels. There is no more time to lose.”
Also in Bonn, Shiva Gounden, Head of Pacific at Greenpeace Australia Pacific, said: “Multilateral cooperation is the antidote to climate and geopolitical chaos. At Bonn, Pacific nations’ legacy of leadership from the frontlines of the climate crisis can be our guiding star as we build a more peaceful and secure world for all.
“We must build on the progress at Santa Marta and break the hold fossil fuels have on our global security and economies. Pacific nations are already facing the brunt of a global climate crisis, but now facing the compounding injustice of an energy crisis brought on by fossil fuel dependence. We did not create either of these crises, but are among the most exposed to both.
“The International Court of Justice made clear that responsibility to address the climate crisis extends beyond borders and that continuing to expand fossil fuel production, including for export, could constitute an internationally wrongful act — a ruling that has now been overwhelmingly endorsed by the UN General Assembly. Continuing down the fossil fuel path, and failing to align efforts with limiting warming to 1.5C, is a breach of our international legal obligations.
“We must not lose sight of what’s needed — by elevating the voices of Pacific leaders, backing Pacific-led solutions, and maximising the opportunity of the Pacific pre-COP, we can ensure the 1.5°C imperative and the transition away from fossil fuels are central to the agenda at COP31, and that communities are granted the finance they need to build a strong, resilient future beyond fossil fuels.”
Ahead of SB64, Greenpeace International has produced a policy briefing outlining the core elements of a just transition away from fossil fuels and the urgent, priority actions needed from national governments and through global co-operation to make it a reality.[1]
ENDS
[1] A Just Transition Away from Fossil Fuels: Policy Briefing
Photos in the Greenpeace Media Library
Media contact
Kate O’Callaghan on +61 406 231 892 (Whatsapp/Signal) or kate.ocallaghan@greenpeace.org
Climate Change
Troubled by Spreading Landfill Pollution, a Long Island Community Demands Action
For decades, a landfill has towered over the town of Brookhaven. A groundwater contamination plume has spread beneath nearby properties.
BROOKHAVEN, N.Y.—The crowd grew restless at Brookhaven Town Hall on Long Island as residents voiced their concerns about groundwater contamination from a nearby landfill that has spread beneath parts of their community.
Troubled by Spreading Landfill Pollution, a Long Island Community Demands Action
Climate Change
Wild Rice Faces Numerous Threats—and Has Determined Protectors
Groups work to identify, save and reseed areas to help the culturally significant resource thrive as climate change portends more strains.
Bazile Minogiizhigaabo Panek, a member of the Red Cliff Band of Lake Superior Chippewa, was 7 years old when he attended his first rice harvest in northern Wisconsin. He and his sister rode in a canoe while his mom pushed the boat with a pole through the plants growing out of the shallow water. Together, they tapped the plants with sticks. Rice seeds rained into the canoe; others fell into the water.
Wild Rice Faces Numerous Threats—and Has Determined Protectors
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