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Study reveals billionaires produce as much carbon pollution in 90 minutes as an average person does in a lifetime | Via their jets, superyachts, and investments
Oxfam, the British NGO that focuses on addressing global poverty, published a report examining carbon inequality. It looks at how the yachts, jets, and polluting investments of...
Oxfam identified private jets belonging to 23 of the 50 richest people in the world and found that, on average, these billionaires each took 184 flights – spending 425 hours in the air – in 2023. Of the 50 billionaires examined in the study, around 40% of their investments were in emissions-intensive industries like oil, mining, and shipping, with average emissions of around 2.6 million tonnes of CO2 equivalents. The bottom line is that Musk, Bezos, and other billionaires individually create more carbon dioxide in 90 minutes than average people do in their entire lives.
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