The yearly CO2 emissions linked with 125 billionaires' investments in polluting firms are similar to those generated in a year by a nation such as France and are more than those for which Italy is responsible. Averaged over a year, the investments of each of these super-rich in polluting economic sectors "create" a quantity of emissions one million times more than that of any person located in the lowest 90% of the world's population: the ratio is 3 million tons of CO2 per capita vs 2.76 tons per capita per year. This is the criticism included in Oxfam's latest report, released on the eve of COP27 in Sharm El-Sheikh. The report throws light on the unusual amount of emissions linked with 125 billionaires' investments in 183 of the world's top corporations, in which they have a total ownership share of $2,400 billion dollars.
|