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How much damage do Jeff Bezos and Elon Musk do to nature in just 90 minutes?

succeedwithyou

30 Oct, 2024

You won't believe the carbon emissions caused by the world's richest businessmen, Elon Musk and Jeff Bezos.

The carbon emissions caused by the luxurious lifestyles and investments of the world's 50 richest billionaires , including Elon Musk and Jeff Bezos , have been revealed for the first time, according to a report published this week by the international aid organization Oxfam. The findings in the report reveal the truth behind the environmental rhetoric of the leading names in the technology world.

Elon Musk and Bezos are just examples…

The amount of carbon emitted by the super-rich during just 90 minutes of luxury living is equal to the emissions of an average person in their lifetime, according to the study. “ This is not just an injustice, it is a deadly threat to life on our planet,” said Amitabh Behar, Director of Oxfam International.

The report specifically highlights the carbon footprints of Elon Musk and Jeff Bezos. Musk’s two private jets emit 5,497 tons of carbon dioxide per year, equivalent to 834 years of emissions from the average person, while Bezos’ jet fleet emits 2,908 tons of carbon annually.

But the most striking data comes from the billionaires’ investment portfolios. Of the 50 billionaires studied, around 40 percent of their investments are in highly polluting sectors such as oil, mining and shipping. The emissions from these investments are 340 times greater than the combined emissions of their private jets and yachts.

According to Oxfam’s calculations, emissions from the top 1% have caused a $2.9 trillion loss in global economic output due to climate change since 1990. Moreover, these emissions have led to crop losses that could feed 14.5 million people annually.

Oxfam officials have called for capping emissions for the super-rich, increasing carbon taxes and restructuring the economic system. But protests against private jets and support for higher taxation by some wealthy people have also been notable recent developments, according to Oxfam spokeswoman Annie Theriault.

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