Oxfam: The Richest 0.1% Emit More Carbon Than 3.5 Billion People Combined
Richest 0.1% (8M) produce more carbon pollution than 3.5B
Oxfam's analysis finds the world's 8 million richest people produce more carbon pollution than the poorest 3.5 billion combined, and a person in the top 0.1% has contributed nearly 400 times more to extreme heatwaves than someone in the poorest half. The report also exposes how super-rich investors profit from disaster recovery, with BlackRock and Vanguard backing 92% of the 217 corporations in Oxfam's new Destroy & Rebuild Index.
The ultra-rich are setting the planet on fire and then charging the rest of us for the extinguishers. They profit from the pollution. They profit from the disaster. And they profit again from the clean-up.