The report on the emissions of the world’s richest people was based on a detailed analysis of the investments of 125 of the world’s wealthiest billionaires. Collectively they have a €2.4 trillion stake in 183 companies.
It found that these billionaires’ investments produce an annual average of 3 million tonnes of CO2 per year, compared to the figure of 2.76 tonnes for the average person in the bottom 90 per cent.
Carbon dioxide is the most significant greenhouse gas, fuelling rapid global warming by absorbing and radiating heat into the atmosphere.
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“These few billionaires together have ‘investment emissions’ that equal the carbon footprints of entire countries like France, Egypt or Argentina,” said Nafkote Dabi, Climate Change Lead at Oxfam

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