super-rich

A new Oxfam report says the world's wealthiest people gain a 'double dividend' from the climate crisis, both as major polluters and as investors in disaster recovery. The charity argues that rich investors profiting from reconstruction efforts after climate disasters widen inequality and create an incentive to delay meaningful climate action, calling for tougher climate finance policies.

Euro News reports on an Oxfam critique arguing the wealthiest people's investments disproportionately drive the emissions causing the climate crisis, with their emissions linked to millions of deaths, while they also profit from recovery spending after climate-related disasters. The charity describes this as 'profiteering from pain' and calls for taxing extreme wealth to fund climate action.

Charity Oxfam says the world's richest 0.1% emit more carbon than the poorest 3.5 billion people combined, accusing the ultra-wealthy of 'setting the planet on fire'. The findings renew criticism of extreme wealth inequality and its outsized role in the climate crisis, with campaigners calling for higher taxes on the super-rich to fund climate action.

A new report by Oxfam argues the world's wealthiest people profit twice from the climate crisis: first from the polluting investments driving it, and again from the financial returns on the assets used to fund responses to it. The findings renew calls for higher taxes on the super-rich to pay for climate damages and adaptation.

An Oxfam study finds the world's wealthiest people are profiting twice from the climate crisis: not only are they heavily invested in the polluting industries driving global warming, they are increasingly cashing in on responses to its devastating consequences, such as reconstruction and adaptation. Critics call this a 'double dividend' and say it highlights how climate costs fall on the poor while gains concentrate at the top.

A new report finds the wealthiest people are benefiting twice from the climate crisis: their investments are heavily tied to the fossil fuels driving global warming, while they are also shielded from its costs, which fall mostly on poorer populations. Commenters sharing the findings argue the analysis underlines how climate change deepens inequality and renewed calls to tax extreme wealth.

Oxfam reports that the emissions of the richest 1% could cause 1.9 million excess heat-related deaths in a single year — deaths above the number normally expected. The charity says its earlier research found the super-rich bear the greatest share of responsibility for the climate crisis, and is using the new figure to argue that extreme wealth is directly driving climate-driven mortality.

Oxfam says the richest ten percent of the world's population are responsible for almost half of global CO2 emissions. Alongside private jets and high-consumption lifestyles, the organisation points to investments in climate-damaging industries as a major driver of the emissions gap between the super-rich and everyone else, renewing debate over wealth and climate responsibility.

A new Oxfam report says the world's wealthiest people gain a 'double dividend' from the climate crisis: their investments drive the emissions causing it, while they also profit from the industries and assets that benefit as costs rise. campaigners argue the findings deepen the case for taxing extreme wealth to fund climate action, as ordinary people bear the greatest burden of rising temperatures and disasters.

A new report finds the world's super-rich profit twice from the climate crisis: their wealth is heavily invested in the fossil fuels driving global warming, while they are also best placed to profit from the consequences, such as rising demand for cooling, insurance and other adaptation. Critics say the findings underline how climate costs fall on the poorest while financial benefits concentrate at the top, renewing calls for wealth taxes and polluter accountability.

A widely shared commentary argues that the world's wealthiest people are damaging both the climate and democratic institutions in pursuit of profit. The piece points to stark statistics on wealth concentration and emissions, accusing the super-rich of destroying livelihoods for money and calling public tolerance of this a form of Stockholm syndrome.

A new Oxfam report finds the world's wealthiest people are collecting a 'double dividend' from the climate crisis, benefiting both from the activities that cause global heating and from the costs of responding to it. The findings, covered by the Guardian, argue that billionaire wealth is tied to polluting industries while ordinary people bear climate damages, reigniting calls for taxing extreme wealth to fund climate action.

Oxfam's report 'Disaster Divide' argues that climate change is widening global inequality, with the world's richest people contributing most to emissions while poorer communities bear the worst impacts. It says extreme weather destroys lives and livelihoods in low-income regions while wealthy individuals and corporations profit from the systems driving the crisis.

Oxfam has published a new report arguing that the world's wealthiest people are both a major driver of climate breakdown and among those profiting from the crisis it creates. The findings are being circulated by campaign and education groups, renewing debate over billionaire wealth, carbon emissions and who bears the costs of global warming.

Alex Maitland, one of the lead authors of a new report on climate inequality, said the world's richest people are not just passive beneficiaries of the climate crisis but active agents in it. "This is deliberate," he said, adding that when their political influence is taken into account, the findings are damning evidence of their ability to shape outcomes in their own favour. The comments are drawing attention to the outsized role of extreme wealth in emissions and climate policy.