These articles are somewhat disingenuous. It isn't their mansions, their jets, or their yachts. It's because of the amount they have invested in fossil fuels and other industries. A better question is why do they have enough money to own so much.
A system that feeds them and is designed to feed them will eventually overfeed. it's called fattening up and we've only been practicing it with animals. Rich people practice it with us except they're the piggies. In a conclusive argument they want to be fattened up to this point so why not treat them like the piggies they deserve.
And as private shareholders they demand those oil companies maximize irresponsible profit at the planet's expense.
When you own something, you bear responsibility for it. Not legally sadly, because these criminals make the laws, but in every other sense.
You don't get to own oil stock and then credibly claim you aren't the problem. No one puts a gun to anyone's head and says take the stake in blood money.
What's unmentioned is that the top 1%, the top 2%, the top 5%, even the top 10% has a disproportionate impact on emissions. That group is made up mostly by the West, but also the rich elite in China, India, Russia, Brazil, Indonesia, etc.
The most comprehensive study of global climate inequality ever undertaken shows that this elite group, made up of 77 million people including billionaires, millionaires and those paid more than US$140,000 (£112,500) a year
If you earn $60,000 a year after tax and you don't have kids, you're in the richest 1 percent of the world's population. If you have a household income of $130,000 after tax and you've got a partner and one kid, you're also in the richest 1 percent.
I mean if you had bothered to open the article, it's in the 2nd paragraph:
The most comprehensive study of global climate inequality ever undertaken shows that this elite group, made up of 77 million people including billionaires, millionaires and those paid more than US$140,000 (£112,500) a year
more than US$140,000 (£112,500) a year, accounted for 16% of all CO2 emissions in 2019 – enough to cause more than a million excess deaths due to heat, according to the report.
Not sure why you chose Bill Gates who is the only one of this club actively trying to help this segment of world society and ostensibly planning to give away his wealth. Bezos, Musk, Jobs, all far more deserving of this.
Because he's the biggest player in the depopulation narrative. I thought him being responsible for forever covid to make a buck and his ties to Epstein would have been enough to ruin his reputation but I guess LTT was a warning that PR can whitewash even the biggest monster.
The richest 1% of humanity is responsible for more carbon emissions than the poorest 66%, with dire consequences for vulnerable communities and global efforts to tackle the climate emergency, a report says.
For the past six months, the Guardian has worked with Oxfam, the Stockholm Environment Institute and other experts on an exclusive basis to produce a special investigation, The Great Carbon Divide.
Over the period from 1990 to 2019, the accumulated emissions of the 1% were equivalent to wiping out last year’s harvests of EU corn, US wheat, Bangladeshi rice and Chinese soya beans.
“The super-rich are plundering and polluting the planet to the point of destruction and it is those who can least afford it who are paying the highest price,” said Chiara Liguori, Oxfam’s senior climate justice policy adviser.
The extravagant carbon footprint of the 0.1% – from superyachts, private jets and mansions to space flights and doomsday bunkers – is 77 times higher than the upper level needed for global warming to peak at 1.5C.
Oxfam International’s interim executive director, Amitabh Behar, said: “Not taxing wealth allows the richest to rob from us, ruin our planet and renege on democracy.
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