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125 billionaires have the same annual carbon footprint as all of France : NPR


Carbon dioxide and other pollutants rise from a pile at PacifiCorp’s coal-fired Naughton Power Station, near where Bill Gates’ company TerraPower plans to build an advanced, non-conventional nuclear reactor , Thursday, January 13, 2022, in Kemmerer, Wyo.

Natalie Behring / AP


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Natalie Behring / AP


Carbon dioxide and other pollutants rise from a pile at PacifiCorp’s coal-fired Naughton Power Station, near where Bill Gates’ company TerraPower plans to build an advanced, non-conventional nuclear reactor , Thursday, January 13, 2022, in Kemmerer, Wyo.

Natalie Behring / AP

Some of the richest people in the world The average billionaire emits about 3 million tons of carbon dioxide each year, more than 1 million times what 90% of people emit, according to a new study.

The sample includes 125 billionaires with investments in 183 corporations and those with a combined business equity value of $2.4 trillion. About 50 to 70% of their emissions stem from their investments.

In total, their annual carbon dioxide emissions total about 393 million tons, equivalent to the annual carbon emissions of France with a population of 67 million, according to Oxfam’s reporta charity group aimed at eradicating hunger and reducing poverty.

“Extreme inequality and concentration of wealth undermine humanity’s ability to halt climate disruption,” the organization said. “The very rich emit a huge and unsustainable amount of carbon and have a huge impact on our economy.”

According to the study, the average carbon footprint for 90% of people is about 2.8 tons per year.

About 24% of billionaires’ investments are in the consumer discretionary sector, which includes cars, luxury goods and hospitality. About 18% are consumer goods, including food, beverages and household goods. 11% is finance, 7% is energy and 7% is materials. A business is a renewable energy company.

Researchers at Oxfam started their study with a list of the world’s 220 richest people using data from Bloomberg, but excluded many of them because they did not report their carbon output to the Decree. Greenhouse Gas Letters, provides global standards for business greenhouse gas calculations. emissions.

Of the 183 businesses represented, Oxfam said 29% had set a target to reduce their emissions, while 19% had committed to net zero emissions, which is when someone removes as much greenhouse gas as they discharge.

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