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.
Oxfam analysts working with two US academics, Beatriz Barros and Richard Wilk, used publicly available data to calculate the greenhouse gas impacts.
As well as making a huge negative contribution to global heating, the financial interests of the elite billionaires give them enormous influence over economic and policy decisions, the researchers said.
“Bill will continue to invest billions of his own resources into clean energy and climate change innovations to reduce greenhouse gas emissions and help make these technologies more affordable.
Additionally, any returns on these investments will go back into fighting climate change and supporting the Bill & Melinda Gates Foundation to help as many people as possible around the world,” the spokesperson said.
The original article contains 942 words, the summary contains 200 words. Saved 79%. I’m a bot and I’m open source!
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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.
Oxfam analysts working with two US academics, Beatriz Barros and Richard Wilk, used publicly available data to calculate the greenhouse gas impacts.
As well as making a huge negative contribution to global heating, the financial interests of the elite billionaires give them enormous influence over economic and policy decisions, the researchers said.
“Bill will continue to invest billions of his own resources into clean energy and climate change innovations to reduce greenhouse gas emissions and help make these technologies more affordable.
Additionally, any returns on these investments will go back into fighting climate change and supporting the Bill & Melinda Gates Foundation to help as many people as possible around the world,” the spokesperson said.
The original article contains 942 words, the summary contains 200 words. Saved 79%. I’m a bot and I’m open source!