International
United Nations on brink of financial collapse
MxM News
Quick Hit:
The United Nations is teetering on the edge of a financial collapse, with internal projections showing the organization could run out of money to pay salaries and suppliers by September.
Key Details:
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The UN has reportedly already slashed $600 million from its $3.7 billion operating budget this year, freezing hiring and moving some jobs out of New York in a desperate bid to avoid default.
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A memo shows the Trump administration is weighing a full halt in payments to the UN, potentially triggering a $1.1 billion deficit this year.
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Late or missing payments from 41 countries—including the U.S., China, Argentina, and Mexico—totaled $760 million last year, with just 49 member states paying on time.
Diving Deeper:
The United Nations is confronting a full-scale financial emergency that could leave it unable to pay staff or fund its core functions within months, according to a report published this week by The Economist. Secretary-General António Guterres has already slashed the UN’s core operating budget by $600 million—about 17%—in a bid to avoid a shutdown, but the crisis appears to be spiraling beyond his control.
Internal UN projections now warn that without additional cost-cutting or a surge in payments, the organization will run a $1.1 billion shortfall by year’s end. That would exhaust its reserves and leave the global body unable to fund its General Assembly, peacekeeping missions, or human rights operations as early as September. Guterres, in a letter seen by The Economist, has warned that the peacekeeping budget could run dry by mid-year.
The UN’s budget problems stem from a mix of chronic late payments and uncollected dues. Member states are required to pay their assessed contributions annually, based largely on the size of their economies. But many now pay late—some not at all. In 2024, nearly 15% of total contributions arrived in December, undermining the UN’s ability to manage expenses throughout the year. As of now, 41 countries—including the U.S., Argentina, and Venezuela—owe a combined $760 million in unpaid dues. Just 49 nations paid on time.
The U.S. and China, each responsible for about 20% of the UN’s total budget, are among the most consequential delinquents. While China did pay its bill in 2023, the money didn’t arrive until December 27th—too late to be fully spent, triggering a rebate under UN rules that forced the organization to return unused funds to all members, even those who hadn’t paid. The UN now estimates that it will have to issue a $300 million rebate in 2026 and a $600 million rebate in 2027—roughly 17% of its entire operating budget.
The situation with the United States is potentially more destabilizing. A White House memo reportedly indicates that President Trump is considering a total suspension of America’s $2.3 billion in annual dues as part of a broader reevaluation of U.S. involvement in international organizations. Trump had previously frozen payments to global bodies, dismantled USAID, and ordered a sweeping review of U.S. commitments to multilateral institutions, including the UN.
Under Article 19 of the UN Charter, any country that fails to pay its dues for two consecutive years risks losing its voting rights in the General Assembly. The U.S. currently owes around $3 billion—just shy of the $4.5 billion threshold that would trigger the rule. If Trump follows through, the U.S. could lose its vote by 2027.
This would not be the first time a major power tested the limits. During the Cold War, both France and the Soviet Union withheld payments over disputes regarding peacekeeping missions. To avoid enforcing the penalties, the General Assembly simply stopped holding votes—paralyzing the body out of fear that enforcing the rule would break it entirely.
Today, with cash drying up and political will fraying, UN diplomats are again sifting through precedents from the past—searching for answers, and bracing for what could be a seismic blow to the institution.
Daily Caller
US Supreme Court Has Chance To End Climate Lawfare

From the Daily Caller News Foundation
All eyes will be on the Supreme Court later this week when the justices conference on Friday to decide whether to grant a petition for writ of certiorari on a high-stakes climate lawsuit out of Colorado. The case is a part of the long-running lawfare campaign seeking to extract billions of dollars in jury awards from oil companies on claims of nebulous damages caused by carbon emissions.
In Suncor Energy (U.S.A.) Inc., et al. v. County Commissioners of Boulder County, major American energy companies are asking the Supreme Court to decide whether federal law precludes state law nuisance claims targeting interstate and global emissions. This comes as the City and County of Boulder, Colo. sued a long list of energy companies under Colorado state nuisance law for alleged impacts from global climate change.
The Colorado Supreme Court allowed a lower state trial court decision to go through, improbably finding that federal law did not preempt state law claims. The central question hangs on whether the federal Clean Air Act (CAA) preempts state common law public nuisance claims related to the regulation of carbon emissions. In this case, as in at least 10 other cases that have been decided in favor of the defendant companies, the CAA clearly does preempt Colorado law. It seems inevitable that the Supreme Court, if it grants the cert petition, would make the same ruling.
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Such a finding by the Supreme Court would reinforce a 2021 ruling by the Second Circuit Appeals Court that also upheld this longstanding principle of federal law. In City of New York v. Chevron Corp. (2021), the Second Circuit ruled that municipalities may not use state tort law to hold multinational companies liable for climate damages, since global warming is a uniquely international concern that touches upon issues of federalism and foreign policy. Consequently, the court called for the explicit application of federal common law, with the CAA granting the Environmental Protection Agency – not federal courts – the authority to regulate domestic greenhouse gas emissions. This Supreme Court, with its 6-3 conservative majority, should weigh in here and find in the same way.
Boulder-associated attorneys have become increasingly open to acknowledging the judicial lawfare inherent in their case, as they try to supplant federal regulatory jurisdiction with litigation meant to force higher energy prices rise for consumers. David Bookbinder, an environmental lawyer associated with the Boulder legal team, said the quiet part out loud in a recent Federalist Society webinar titled “Can State Courts Set Global Climate Policy. “Tort liability is an indirect carbon tax,” Bookbinder stated plainly. “You sue an oil company, an oil company is liable. The oil company then passes that liability on to the people who are buying its products … The people who buy those products are now going to be paying for the cost imposed by those products.”
Oh.
While Bookbinder recently distanced himself from the case, no notice of withdrawal had appeared in the court’s records as of this writing. Bookbinder also writes that “Gas prices and climate change policy have become political footballs because neither party in Congress has had the courage to stand up to the oil and gas lobby. Both sides fear the spin machine, so consumers get stuck paying the bill.”
Let’s be honest: The “spin machine” works in all directions. Make no mistake about it, consumers are already getting stuck paying the bill related to this long running lawfare campaign even though the defendants have repeatedly been found not to be liable in case after case. The many millions of dollars in needless legal costs sustained by the dozens of defendants named in these cases ultimately get passed to consumers via higher energy costs. This isn’t some evil conspiracy by the oil companies: It is Business Management 101.
Because the climate alarm lobby hasn’t been able to force its long-sought national carbon tax through the legislative process, sympathetic activists and plaintiff firms now pursue this backdoor effort in the nation’s courts. But their problem is that the law on this is crystal clear, and it is long past time for the Supreme Court to step in and put a stop to this serial abuse of the system.
David Blackmon is an energy writer and consultant based in Texas. He spent 40 years in the oil and gas business, where he specialized in public policy and communications.
Crime
U.S. seizes Cuba-bound ship with illicit Iranian oil history
President Trump revealed Wednesday afternoon that U.S. authorities intercepted a Cuba-bound oil tanker off the Venezuelan coast, a dramatic move aimed at tightening the squeeze on illicit oil networks operating throughout the region. Speaking to reporters at the White House, Trump described the vessel as “a very large tanker — the largest one ever seized in action,” hinting that more developments are coming. He declined to get into specifics, saying only that the operation happened “for a very good reason.” When asked about the tanker’s crude, Trump didn’t overcomplicate it. “Well, we keep it, I guess,” he said.
According to a U.S. official familiar with the operation, the seizure was executed by the Coast Guard with support from the U.S. Navy after a federal judge green-lit the warrant roughly two weeks ago. Another official told the New York Times the ship — identified as the Skipper — had been sailing under a falsified flag and has a documented history of trafficking illicit Iranian oil. The vessel, although carrying Venezuelan crude at the time, was seized because of those Iranian smuggling ties, not because of any direct connection to Nicolás Maduro’s regime.
Today, the Federal Bureau of Investigation, Homeland Security Investigations, and the United States Coast Guard, with support from the Department of War, executed a seizure warrant for a crude oil tanker used to transport sanctioned oil from Venezuela and Iran. For multiple… pic.twitter.com/dNr0oAGl5x
— Attorney General Pamela Bondi (@AGPamBondi) December 10, 2025
Vanguard, a UK-based maritime risk firm, confirmed Wednesday that the Skipper fits the profile of a tanker previously sanctioned by the United States for operating under the alias Adisa while moving banned Iranian oil. A source speaking to Politico said the ship was on its way to Cuba, where state-run Cubametales intended to flip the cargo to Asian brokers — an increasingly common workaround as U.S. sanctions isolate both Havana and Caracas from traditional buyers. With most Venezuelan product now flowing to China under the sanctions regime, oil traders began recalibrating almost immediately after the news broke. Prices ticked upward modestly as markets waited to learn whether any Venezuelan crude was on board and how much would be effectively taken off the table.
Maduro, for his part, avoided directly mentioning the seizure during a speech later Wednesday, instead railing against the United States and claiming Venezuela’s military stands ready “to break the teeth of the North American empire, if necessary.” His bluster did little to obscure the reality: the Trump administration just disrupted yet another shadowy oil operation linking Caracas, Havana, and Tehran — and sent a clear signal that these networks will be confronted, tanker by tanker.
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