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Just 12 Billionaires Produce More Emissions Than 2 Million Average Homes
Just 12 Billionaires Produce More Emissions Than 2 Million Average Homes-August 2024
2024-02-19 EST 22:13:47

Bill Gates speaks at a climate summit, in a talk presumably titled Do As I Say, Not As I Do

Billionaires love the planet. They have to, right? They spend so much money on and , it all must mean something to them. They’re in it for , so surely they’re practicing what they preach, right?

Maybe not, according to . Rather than making , it seems the ultra-wealthy are happy making all the carbon emissions they please — so much, in fact, that 12 billionaires emit as much as 2.1 million homes. From :

The tycoons include the Amazon boss, Jeff Bezos, the Russian oligarch Roman Abramovich, the tech billionaires Bill Gates, Larry Page and Michael Dell, the inventor and social media company owner Elon Musk and the Mexican business magnate Carlos Slim.

Analysis by Oxfam and US researchers of their luxury purchases, which include superyachts, private jets, cars, helicopters and palatial mansions, combined with the impact of their financial investments and shareholdings reveals that they account for almost 17m tonnes of CO2 and equivalent greenhouse gas emissions annually.

This is the same as the CO2 and equivalent emissions from powering 2.1m homes or the emissions from 4.6 coal-fired power plants over a year, according to conversion data from the US Environmental Protection Agency.

I, for one, am truly shocked. You’re telling me that the people who rather than don’t truly care about humanity? All the green investments were just regular, profit-earning investment, and the summit talks were just greenwashing and empty words? Well, I’m stunned. .

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