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A billionaire emits a million times more greenhouse gases than the average person
Billionaire investments in polluting industries, such as fossil fuels and cement, double their weighting in the Standard and Poor group of 500 companies – Oxfam The investments of just 125 billionaires emit 393 million tonnes of CO2e each year – the equivalent of Ontario and Alberta combined – at an individual annual average that is…
189 million people per year affected by extreme weather in developing countries as rich countries stall on paying climate impact costs
Lower income countries paying the highest price as emissions and fossil fuel profits rocket An average of 189 million people per year have been affected by extreme weather-related events in developing countries since 1991 – the year that a mechanism was first proposed to address the costs of climate impacts on low-income countries, according to…
True value of climate finance is a third of what developed countries report: Oxfam
Reporting international climate finance remains flawed, and profoundly unfair Many rich countries are using dishonest and misleading accounting to inflate their climate finance contributions to developing countries – in 2020 by as much as 225 per cent, according to investigations by Oxfam. Oxfam estimates between just $21-24.5 billion as the “true value” of climate finance…
Canada’s eight largest banks finance more than twice the total carbon footprint of the country: Oxfam report
If Canada’s eight major banks were a country, they would be the fifth-largest greenhouse gas (GHG) emitter in the world. This is one of the revelations of an exclusive report on the carbon footprint of Canada’s major banks, released today by Oxfam. The report, produced in collaboration with Institut de Recherche en Economie Contemporaine (IREC), shows…