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Billionaires emit more carbon pollution in 90 minutes than the average person does in a lifetime.
Fifty of the world’s richest billionaires on average produce more carbon through their investments, private jets and yachts in just over an hour and a half than the average person does in their entire lifetime, a new Oxfam report reveals today. The first-of-its-kind study, “Carbon Inequality Kills,” tracks the emissions from private jets, yachts and polluting investments and details how the super-rich are fueling inequality, hunger and death across the world.
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. “Oxfam’s research makes it painfully clear: the extreme emissions of the richest, from their luxury lifestyles and even more from their polluting investments, are fueling inequality, hunger and —make no mistake— threatening lives. The report, the first-ever study to look at both the luxury transport and polluting investments of billionaires, presents detailed new evidence of how their outsized emissions are accelerating climate breakdown and wreaking havoc on lives and economies.
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