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‘The rich are on course to destroy all our lives’
World’s wealthiest 1% have already burned through their share of the entire annual carbon limit, Oxfam warns
A firefighter battles the Palisades Fire as it burns a structure in the Pacific Palisades neighbourhood of Los Angeles, January 7, 2025
THE world’s wealthiest 1 per cent have already burned through their share of the entire annual carbon limit, a damning analysis of super-rich climate destruction has revealed.
A new study by charity Oxfam has analysed the “global carbon budget” — the amount of CO2 that can be emitted without exceeding the international target of limiting global warming to 1.5°C above pre-industrial levels.
Its findings showed that while the richest capitalists had already exceeded that limit in the first 10 days of 2025, it would take someone from the poorest half of the global population nearly three years to use up their share.
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