The 125 richest people on Earth hold investments with the carbon footprints of a whole country

From CNN:

On November 7, 2022, Oxfam published its

"analysis of the investments of 125 of the world’s richest billionaires.

It found that, contrary to average people, the wealthiest individuals’ investments account for up to 70% of their emissions.

According to the report, these billionaires’ investments produce an annual average of 3 million metric tons of carbon dioxide (CO2) per person, which is a million times higher than the average 2.76 tons of CO2 for those living in the bottom 90%.

Nafkote Dabi, climate change lead at Oxfam, said that emissions from billionaires’ lifestyles, their private jets and yachts are already thousands of times higher than those of the average person. But looking at emissions from their investments, their carbon emissions are more than a million times higher.

“These few billionaires together have ‘investment emissions’ that equal the carbon footprints of entire countries like France, Egypt or Argentina.

You'd think they can afford a better gastroenterologist. https://t.co/t2hS8z2GSN

— Arturo Serrano (@carturo222@nerdculture.de) (@carturo222) November 8, 2022

"How wealthy 'super emitters' are disproportionately driving the climate crisis — while blaming you": A new study found that the top 10% of households are responsible for 40% of total U.S. greenhouse gas emissions. Matthew Rozsa. Salon. August 22, 2023.