“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.

  • JohnDClay@sh.itjust.worksEnglish
    201·
    13 days ago

    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

    • themoonisacheese@sh.itjust.worksEnglish
      63·
      13 days ago

      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.worksEnglish
        122·
        13 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.