Australia withholds Pacific climate fund reports over risk of diplomatic 'damage' (opens in new tab)

Gravely threatened by rising seas, low-lying island nation Tuvalu relies on a $200 million trust fund to help foot the ballooning costs of climate change. The trust has been invested on Tuvalu's behalf in funds exposed to coal mining, gas exploration and the world's largest crude oil refinery, an AFP investigation revealed. Australia is the largest contributor to the Tuvalu Trust Fund and plays a key role overseeing how it is spent, filling one of three seats on its board of directors. Using ...