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Richest 0.1% Emit 4,000 Times More CO2 Than Poor

10/30/2025

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Summary

Story summary

Oxfam report Climate Plunder finds the wealthiest 0.1% in the United States emit carbon 4,000 times more than the poorest 10%.
The group includes 308 billionaires and, in a day, emits more CO2 than the poorest 50% in a year.
The richest 1% have consumed 15% of the global carbon budget since 1990.
Oxfam calls for reforms, including taxing extreme wealth and banning fossil-fuel lobbying ahead of COP30 in Brazil.

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Story summary

Oxfam report Climate Plunder finds the wealthiest 0.1% in the United States emit carbon 4,000 times more than the poorest 10%.
The group includes 308 billionaires and, in a day, emits more CO2 than the poorest 50% in a year.
The richest 1% have consumed 15% of the global carbon budget since 1990.
Oxfam calls for reforms, including taxing extreme wealth and banning fossil-fuel lobbying ahead of COP30 in Brazil.