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Oxfam report says super-rich profit twice from climate crisis
Original: Super-rich get ‘double dividend’ from causes and costs of climate crisis, report finds
A new Oxfam report finds the world's richest people gain a 'double dividend' from the climate crisis: their investments contribute heavily to emissions, while their money in disaster recovery companies lets them profit from the consequences. The charity argues this widens inequality and gives wealthy investors an incentive to delay meaningful climate action, and calls for taxes on the super-rich to fund climate response.
Why now: The report's claim that billionaires profit both from causing and responding to climate disasters is a provocative finding drawing fresh attention.
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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
Elsewhere
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