Dear MEL Topic Readers,
Billionaires emit a million times more greenhouse gases than the average person, study finds
A superrich individual emits substantially more carbon dioxide than an ordinary person does. For example, many rich people fly in private jets, sail luxurious yachts, and heat and cool spacious mansions. But these are just part of their massive CO2 emissions. A new study on 125 world’s richest people found that their investments produce an annual average of 3 million tons of CO2 per person, one million times more than an average person does. For example, an average of 14% of their investments are in polluting industries like energy and materials. On the other hand, only one of those 125 billionaires invested in a renewable energy company. Of course, everyone has a right to decide on their investment portfolio but the return on investment shouldn’t be limited only to money. In the meanwhile, green companies could show themselves as better investment options for billionaires.
Enjoy reading the text and learning about the impact of the superrich.
https://edition.cnn.com/2022/11/07/world/billionaires-greenhouse-gases-climate-intl/index.html
Billionaires emit a million times more greenhouse gases than the average person, study finds
A superrich individual emits substantially more carbon dioxide than an ordinary person does. For example, many rich people fly in private jets, sail luxurious yachts, and heat and cool spacious mansions. But these are just part of their massive CO2 emissions. A new study on 125 world’s richest people found that their investments produce an annual average of 3 million tons of CO2 per person, one million times more than an average person does. For example, an average of 14% of their investments are in polluting industries like energy and materials. On the other hand, only one of those 125 billionaires invested in a renewable energy company. Of course, everyone has a right to decide on their investment portfolio but the return on investment shouldn’t be limited only to money. In the meanwhile, green companies could show themselves as better investment options for billionaires.
Enjoy reading the text and learning about the impact of the superrich.
https://edition.cnn.com/2022/11/07/world/billionaires-greenhouse-gases-climate-intl/index.html
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