A “toxic triangle” of political inaction, short-sighted economic policies and profit-driven fossil fuel advocates threaten to raise global temperatures, leaving 400 million people in jeopardy of hunger and drought by 2060, Oxfam UK warned on Friday.

The NGO’s report, Food, Fossil Fuels and Filthy Finance, argued European leaders must withstand pressure from a powerful and lucrative fossil fuel industry, which fritters up to €44 million a year on lobbying EU governments in pursuit of policies that bolster its profits.