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Billionaires emit more carbon pollution in 90 minutes than the average person does in a lifetime (www.oxfam.org)

submitted 2 days ago by trespasser69@lemmy.world to c/world@lemmy.world

36 comments fedilink hide all child comments

“The super-rich are treating our planet like their personal playground, setting it ablaze for pleasure and profit. Their dirty investments and luxury toys —private jets and yachts— aren’t just symbols of excess; they’re a direct threat to people and the planet,” said Oxfam International Executive Director Amitabh Behar.

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[–] JohnDClay@sh.itjust.works 19 points 2 days ago (2 children)

Here's the actual study

https://oxfamilibrary.openrepository.com/bitstream/handle/10546/621656/bp-carbon-inequality-kills-281024-en.pdf?sequence=1

This number is almost entirely investment emissions, how much the companies they own emit.

Oxfam’s analysis found that investment emissions are the most significant part of a billionaire’s carbon footprint. The average investment emissions of 50 of the world's richest billionaires were around 2.6 million tonnes of CO2 equivalents (CO2e) each. That is around 340 times their emissions from private jets and superyachts combined. Each billionaire’s investment emissions are equivalent to almost 400,000 years of consumption emissions by the average person, or 2.6 million years of consumption emissions by someone in the poorest 50% of the world.44

[–] tee9000@lemmy.world 6 points 1 day ago

Im beginning to give up on lemmy. Thanks for trying.

[–] themoonisacheese@sh.itjust.works 3 points 2 days ago (1 children)

Aren't they responsible for the risk their investments carry? Isn't that part of the value proposition?

If they have so much investments in companies producing CO2, why aren't they using their weight to push for lower emissions?

[–] JohnDClay@sh.itjust.works 10 points 2 days ago

You could assign company emissions to the consumers, the employees, or the owners. Without any one of those the company wouldn't emit. I just wanted to make it clear that this study assigns it to the owners.