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Super-rich profit twice from climate crisis, Oxfam report finds
Original: Super-rich get ‘double dividend’ from causes and costs of climate crisis, report finds
A new report by Oxfam 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 financing disaster recovery efforts. The charity argues this widens inequality and gives the rich a financial incentive to delay meaningful climate action.
Why now: Oxfam's findings link billionaire wealth directly to both causing and profiting from climate disasters, reigniting debate over inequality ahead of climate talks.
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Evidence
- Super-rich get ‘double dividend’ from causes and costs of climate crisis, report finds · The Guardian
Oxfam says investing by rich in disaster recovery widens inequality and gives incentive to delay climate action
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