Tag Archives | United Nations COP27

The latest annual climate conference has begun in the face of a worsening climate crisis and further retreats by rich nations following the energy crisis induced by NATO sanctions after the Russian invasion of Ukraine.

According to a new study by Oxfam, 125 billionaires and their investments are responsible for more greenhouse gas emissions than countries such as France, Egypt or Argentina. One of these billionaires emits 393 million tonnes of CO2 a year, a million times more than any member of the lower 90 percent of society.

Fossil fuel giants are moving to ramp up extraction as new data shows that the industry has been emitting three times more planet-heating pollution than it claims.