Oxfam Report Blames Global Billionaires for Carbon Emissions

Superrich Lifestyle Threatening the Planet

Oxfam International released a groundbreaking report, Carbon Inequality Kills, revealing that the world's wealthiest individuals emit more carbon in 90 minutes than the average person does in a lifetime. With global temperatures on track to rise by 3.1°C this century, the organization pointed fingers at billionaires and their lavish lifestyles.

Excessive Private Jets and Superyachts

The report highlighted how the world's 50 richest people own private jets and superyachts that contribute significantly to carbon emissions. For example, Elon Musk's two private jets emit 5,497 tonnes of CO2 per year, equivalent to 834 years' worth of emissions for an average person.

Investments in Polluting Industries

Oxfam found that billionaires' investments in industries like oil, mining, and shipping contribute heavily to carbon emissions. The study revealed that these investments generate around 2.6 million tonnes of CO2 equivalents each, significantly impacting the planet.

Urgent Call to Action

The report concluded with recommendations to reduce emissions from the wealthiest individuals, hold polluters accountable, and transform economies for the well-being of both people and the planet. Oxfam's research sheds light on how the actions of the rich and powerful hinder global efforts to combat climate change.

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By: Jessica Corbett
Title: Oxfam Report Blames Global Billionaires for Carbon Emissions
Sourced From: therealnews.com/billionaires-spew-more-co2-pollution-in-90-minutes-than-average-person-in-a-lifetime
Published Date: Mon, 28 Oct 2024 19:04:37 +0000