• jagged_circle@feddit.nl
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    1 month ago

    Oxfam calls on governments to:

    • Reduce the emissions of the richest. Governments must introduce permanent income and wealth taxes on the top 1%, ban or punitively tax carbon-intensive luxury consumptions —starting with private jets and superyachts— and regulate corporations and investors to drastically and fairly reduce their emissions.
    • Make rich polluters pay. Climate finance needs are growing rapidly, especially in Global South countries bearing the brunt of climate impacts. While rich countries agreed to mobilize $300 billion a year to help Global South countries cope with warming temperatures and switch to renewable energy, this amount falls drastically short from the $5 trillion climate the Global North owes in climate debt and reparations.

    /ENDS

    Daymn oxfam is based

  • jagged_circle@feddit.nl
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    1 month ago

    Does this include the emissions of the companies that they own?

    Edit: it includes companies they own

    "the super-rich continue to squander humanity’s chances with their lavish lifestyles, polluting stock portfolios and pernicious political influence. This is theft —pure and simple― a tiny few robbing billions of people of their future to feed their insatiable greed.”