‘The rich are on course to destroy all our lives’
https://morningstaronline.co.uk/article/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
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.
Inaction will continue to have deadly consequences, the charity said — and eight in 10 deaths from heat will occur in low and lower-middle-income countries.
Oxfam estimated that by 2050, emissions by the 1 per cent will cause crop losses that could have provided enough calories to feed at least 10 million people a year in eastern and southern Asia.
Emissions from the ultra-wealthy are also causing trillions in economic losses -– the impact on low and lower-middle-income countries over the past three decades has been three times greater than the total climate finance provided by wealthy nations.
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A spokesperson for Just Stop Oil also issued a rallying call, saying: “We live within a system that serves the few over the many, and the rich are on course for destroying all our lives if they carry on unopposed. We must get organised and resist.
“We need a revolution in politics and economics, and we need to reclaim Parliament from the corporations and billionaires, whilst prioritising the interests of ordinary people.”
https://morningstaronline.co.uk/article/the-rich-are-on-course-to-destroy-all-our-lives
