Mmastodon EnvironmentClimate first seen 4 d ago, last 4 d ago, peak #1
Oxfam: Super-rich investments fuel climate crisis and profit from recovery
Original: Euro News: ‘Profiteering from pain’: Investments of super-rich fuel climate crisis and capitalise on recovery "...Emissi
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.
Why now: Oxfam's report linking billionaire wealth to climate deaths and profiteering is drawing attention to wealth inequality and climate justice.
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