World’s Richest 1 Percent Have Already Surpassed Their Carbon Budget for 2025
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An Oxfam analysis published Friday shows that the richest 1% of the global population has already blown through its global carbon budget for 2025 — just 10 days into the New Year. The figures, which arrive amid catastrophic fires in Los Angeles that may turn out to be the costliest in U.S. history, highlight the disproportionate role of the ultra-wealthy in fueling a climate emergency that is…