this post was submitted on 05 Nov 2024

484 points (96.9% liked)

World News

39337 readers

2856 users here now

A community for discussing events around the World

Rules:

Rule 1: posts have the following requirements:
- Post news articles only
- Video links are NOT articles and will be removed.
- Title must match the article headline
- Not United States Internal News
- Recent (Past 30 Days)
- Screenshots/links to other social media sites (Twitter/X/Facebook/Youtube/reddit, etc.) are explicitly forbidden, as are link shorteners.
Rule 2: Do not copy the entire article into your post. The key points in 1-2 paragraphs is allowed (even encouraged!), but large segments of articles posted in the body will result in the post being removed. If you have to stop and think "Is this fair use?", it probably isn't. Archive links, especially the ones created on link submission, are absolutely allowed but those that avoid paywalls are not.
Rule 3: Opinions articles, or Articles based on misinformation/propaganda may be removed. Sources that have a Low or Very Low factual reporting rating or MBFC Credibility Rating may be removed.
Rule 4: Posts or comments that are homophobic, transphobic, racist, sexist, anti-religious, or ableist will be removed. “Ironic” prejudice is just prejudiced.
Posts and comments must abide by the lemmy.world terms of service UPDATED AS OF 10/19
Rule 5: Keep it civil. It's OK to say the subject of an article is behaving like a (pejorative, pejorative). It's NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.

Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.

Rule 6: Memes, spam, other low effort posting, reposts, misinformation, advocating violence, off-topic, trolling, offensive, regarding the moderators or meta in content may be removed at any time.
Rule 7: We didn't USED to need a rule about how many posts one could make in a day, then someone posted NINETEEN articles in a single day. Not comments, FULL ARTICLES. If you're posting more than say, 10 or so, consider going outside and touching grass. We reserve the right to limit over-posting so a single user does not dominate the front page.

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.

Lemmy World Partners

News [email protected]

Politics [email protected]

World Politics [email protected]

Recommendations

How to spot Misinformation and Propaganda

For Firefox users, there is media bias / propaganda / fact check plugin.

https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/

Consider including the article’s mediabiasfactcheck.com/ link

founded 2 years ago

MODERATORS

484

Billionaires emit more carbon pollution in 90 minutes than the average person does in a lifetime (www.oxfam.org)

submitted 1 month ago by trespasser69 to c/world

35 comments fedilink hide all child comments

“The super-rich are treating our planet like their personal playground, setting it ablaze for pleasure and profit. Their dirty investments and luxury toys —private jets and yachts— aren’t just symbols of excess; they’re a direct threat to people and the planet,” said Oxfam International Executive Director Amitabh Behar.

all 37 comments

sorted by: hot top controversial new old

[–] drmoose 54 points 1 month ago (2 children)

Try mentioning this to Tailor Swift fans and you'll get immediately crucified. We should normalize the idea that THERE ARE NO ETHICAL BILLIONAIRES. Period.

It's a staggering amount of wealth that allows to do shit like this and why do we tolerate this is will be eternally confusing to me.

Not only is this an issue of equality but it's a social issue as well. People stop taking public responsibility issues like pollution or climate change seriously because "if private jets are legal then why should I do anything?".

[–] TexasDrunk 23 points 1 month ago (2 children)

Try mentioning this to Tailor Swift fans and you'll get immediately crucified. We should normalize the idea that THERE ARE NO ETHICAL BILLIONAIRES. Period.

While I agree with your sentiment, I don't think she's the place to start bitching. She's one of the "better" ones in that she's not out here actively hunting the poor on an island somewhere. You start with folks like Musk, Bezos, and Murdoch, and by shining a light on the billionaires that are stealing the wealth and resources of entire countries but staying out of the limelight by keeping their fucking mouths shut. Then we start moving towards Swift. Otherwise the message will just get drowned out by fans.

[–] [email protected] 15 points 1 month ago (1 children)

If she was a good billionaire, she wouldn't have hoarded wealth to this degree! Yes, Bezos is 200x worse, but I would bet (less than $1B) that she will catch up in the next decade and we'll all still be apologizing for her.

[–] TexasDrunk 17 points 1 month ago (1 children)

I ain't apologizing for her now. My point is to work on the ones that are more easily hated by more people in order to raise awareness.

[–] drmoose 0 points 1 month ago (1 children)

I disagree, this flip-flop logic is what drags down the movement and allows "no billionaires except the ones I like" idea to poison the public discourse. If we collectively stick to a unified view we have much more power in changing things.

[–] legion02 11 points 1 month ago (1 children)

Yes let's take the most wildly liked billionaire and make them our example. Surely that will convince people to join us.

[–] [email protected] 1 points 1 month ago* (last edited 1 month ago)

Personally, my goal is to challenge people to think critically about billionaires. Taylor Swift is a great example precisely because fans have put her on a pedestal where she can do no wrong. If the goal is to gather an angry mob, then sure, it's more effective to focus on Bezos, the guy they already dislike.

[–] drmoose 4 points 1 month ago

The point is that there is no "better ones". The billionaire should not be socially acceptable concept ever. Full stop.

[–] Grimy 9 points 1 month ago

You can add Gaben to that list. Steam can do no wrong even though Gaben spend between 75 and 100 million per year on maintenance for his yatch fleet.

Billionaire simps disgust me.

[–] [email protected] 34 points 1 month ago

We must all do our part to curb carbon emissions.

No not like that!

[–] Brkdncr 30 points 1 month ago (1 children)

Billionaires are a problem.

[–] trespasser69 2 points 1 month ago

Billionaires are a problem.

Always has been

[–] cabron_offsets 20 points 1 month ago (1 children)

There are obvious, executable solutions.

[–] drmoose 8 points 1 month ago (1 children)

Why is "death for billionaires" so taboo though? Clearly they're damaging our society much more than a single murderer or marijuana carrier and yet we have no problem accepting that these people should be punished socially but if you mention guillotines for billionaires then suddenly you're an extremist.

[–] [email protected] 7 points 1 month ago

I mean murdering people is extremist.

Taking their money would achieve the same.

[–] [email protected] 19 points 1 month ago (2 children)

Here's the actual study

https://oxfamilibrary.openrepository.com/bitstream/handle/10546/621656/bp-carbon-inequality-kills-281024-en.pdf?sequence=1

This number is almost entirely investment emissions, how much the companies they own emit.

Oxfam’s analysis found that investment emissions are the most significant part of a billionaire’s carbon footprint. The average investment emissions of 50 of the world's richest billionaires were around 2.6 million tonnes of CO2 equivalents (CO2e) each. That is around 340 times their emissions from private jets and superyachts combined. Each billionaire’s investment emissions are equivalent to almost 400,000 years of consumption emissions by the average person, or 2.6 million years of consumption emissions by someone in the poorest 50% of the world.44

[–] tee9000 6 points 1 month ago

Im beginning to give up on lemmy. Thanks for trying.

[–] [email protected] 3 points 1 month ago (1 children)

Aren't they responsible for the risk their investments carry? Isn't that part of the value proposition?

If they have so much investments in companies producing CO2, why aren't they using their weight to push for lower emissions?

[–] [email protected] 10 points 1 month ago

You could assign company emissions to the consumers, the employees, or the owners. Without any one of those the company wouldn't emit. I just wanted to make it clear that this study assigns it to the owners.

[–] [email protected] 17 points 1 month ago (1 children)

If we eliminate all the billionaires the rest of us will continue to live for at least another century.... It is worth doing.

[–] [email protected] 11 points 1 month ago

I'm vegetarian for the climate, but I'm willing to eat the rich for the climate too

[–] [email protected] 15 points 1 month ago* (last edited 1 month ago)

This is bad. Reminder that there's just ~2000 of them known, though, so it only takes 8 seconds for everyone else to pass their annual emissions collectively.

It's not an excuse to not care about your own impact.

[–] [email protected] 10 points 1 month ago (4 children)

Including investments seems a bit disingenuous. I'm sure their personal carbon footprint is already huge without having to include that.

[–] [email protected] 20 points 1 month ago

If you don't include investment emissions, they'd emit more in 22 days than the average person does in their life.

[–] FireRetardant 18 points 1 month ago (2 children)

The power their money has when invested is far different than yours or mine. They could single handedly ensure certain companies do not fail, get specific contracts, bypass regulations and many other shady things.

[–] [email protected] 2 points 1 month ago* (last edited 1 month ago) (2 children)

Perhaps, but think of it this way: you likely have money invested or money that is invested on your behalf, whether that's personal, 401k, IRA, or government pension. Those are likely investments spread across many companies - so should your carbon footprint take into account what those companies are doing?

I'd suggest that companies should be responsible for their carbon footprint, and legislated accordingly. Pushing it to investors, or on their customers, just seems like passing the buck.

[–] FireRetardant 4 points 1 month ago

I think people should have some responsibility for the emissions of their investments. If I'm exclusively investing in fossil fuel companies I'd be directly investing in emitting carbon. In the case of the billionaire class, some companies would have never attempted certain projects or even stayed in business without their billionaire supporters. They may have even been able to take losses and coast on investments while they grab their share of the market then shift to being more profitable.

The manipulation some billionaires do with their money is insane. Jeff Bezos managed to shuffle his assets and investments around just right one year that he was "poor enough" income wise to collect a tax benefit for his kid. We absolutely need to include investments when we are judging billionaires, it is often their investments that keep them rich, not some massive pile of cash or gold stashed away somewhere.

[–] [email protected] 3 points 1 month ago

Not really, unless you directly purchase the shares, you get no proxy voting rights on corporate governance.

When you have an investment account, do you know who does take your money and hold the corporate governance rights? The fund managers.

[–] [email protected] 2 points 1 month ago

Who should be responsible for the pollution of the investments if not the one profiting off them?

[–] [email protected] -1 points 1 month ago

Yep, these companies wouldn't stop existing if their shares were distributed evenly between people and the clients should be considered responsible for the emissions considering they're the ones requesting the product.

[–] [email protected] 5 points 1 month ago (2 children)

There are so many better climate change comparisons than this yet I keep hearing this stupid one repeated over and over. Ultimately it doesn't matter than billionaires personally emite more carbon than "the average person" because even if they dropped that stat to match the average there would be absolutely no difference.

Target the biggest carbon emitters which is businesses. Every time carbon emissions is brought up it should be in the context of making businesses emit less carbon. Make them pay for emitting carbon, give tax credits for green technology that stuff will be infinetly more effective that targeting specific people.

I don't care that Taylor swift took a jet to her concert its not her issue to fix. Its the responsibility of the government to solve this through strong environmental policy. Government policy changing incentives will flow down to the individual and adjust their behaviour instead of a mob trying to shame individuals into changing their behaviour.

[–] [email protected] 1 points 1 month ago* (last edited 1 month ago)

Almost all of these emissions in the headline are from the businesses they own shares in. So this is saying business emissions, just in a non-intuitive roundabout way.

[–] gibmiser 4 points 1 month ago

Man the more u hear about this Mr. Billionaire fellow the more I don't like him

[–] iAvicenna 1 points 1 month ago

that which is eaten cannot emit carbon pollution