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pollution
'Insatiable Greed': Richest 1% Have Already Burned Through Their Carbon Limit for 2025
"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."
Jan 10, 2025
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 causing devastation around the world.
Oxfam calculates that in order to keep critical climate goals in reach, each person on Earth must have a CO2 footprint of roughly 2.1 tons per year or less. On average, each person in the global 1% is burning through 76 tons of planet-warning carbon dioxide annually—or 0.209 per day—meaning it took them just over a week to reach their CO2 limit for the year.
By contrast, the average person in the poorest 50% of humanity has an annual carbon footprint of 0.7 tons per year—well within the 2.1-ton budget compatible with a livable future.
"The future of our planet is hanging by a thread," Nafkote Dabi, Oxfam International's climate change policy lead, said in a statement Friday. "The margin for action is razor-thin, yet 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," Dabi added.
"Rich polluters must be made to pay for the havoc they're wreaking on our planet."
Oxfam's new analysis came as the Copernicus Climate Change Service confirmed that 2024 was the hottest year on record and "the first calendar year that the average global temperature exceeded 1.5°C above its pre-industrial level."
"All of the internationally produced global temperature datasets show that 2024 was the hottest year since records began in 1850," Copernicus director Carlo Buontempo said in a statement. "Humanity is in charge of its own destiny, but how we respond to the climate challenge should be based on evidence. The future is in our hands—swift and decisive action can still alter the trajectory of our future climate."
Oxfam called on governments to move urgently to curb the emissions of the rich, including by implementing wealth taxes, banning private jets and superyachts, and imposing strict new regulations on polluting companies.
"Governments need to stop pandering to the richest," Dabi said Friday. "Rich polluters must be made to pay for the havoc they're wreaking on our planet. Tax them, curb their emissions, and ban their excessive indulgences—private jets, superyachts, and the like. Leaders who fail to act are effectively choosing complicity in a crisis that threatens the lives of billions."
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Two Protesters Self-Immolate Over Bhopal Toxic Waste Plan in India
The plan to remove more than 370 tons of toxic waste from Bhopal and transport it to another city has been denounced as a "farce and greenwashing publicity stunt."
Jan 03, 2025
After more than 370 tons of hazardous waste from the deadliest industrial disaster in history arrived in the town of Pithampur in central India, two men were filmed in the city on Friday dousing themselves in liquid before they were set on fire in an apparent self-immolation protest.
The men poured the flammable liquid on themselves in a crowd of protesters and were then set on fire by another demonstrator.
They were taken to a hospital after the self-immolation and are "safe now," the administrative head of Dhar district, where Pithampur is located, told Agence France-Presse.
Note: The below video contains graphic images.
The protest took place 40 years and one month after a chemical disaster at a factory owned by the American company Union Carbide in Bhopal.
On December 2, 1984, a tank storing the toxic chemical methyl isocyanate, which Union Carbide used to produce pesticides, shattered from its concrete casing—allowing about 40 tons of the deadly gas to drift across the city of more than 2 million people.
The disaster killed roughly 3,500 people in the following days from direct exposure to the poisonous chemical, and 25,000 people are estimated to have died overall as the contamination has been linked to deadly illnesses including cancers, lung disease, and kidney disease.
Large numbers of babies have been born with severe disabilities, to parents affected by the gas leak, and a high rate of stillbirths in the area has been reported.
But Union Carbide—now owned by Dow Chemical—and the Indian government have never carried out an operation to remove all the contamination from Bhopal's groundwater, which has been found to contain levels of carcinogenic chemicals that were 50 times higher than what's accepted by the U.S. Environmental Protection Agency.
Dow Chemical has denied liability for the accident, citing a 1989 settlement with the Indian government. The deal also gave about $500 to each person identified as a victim at the time—but nothing was set aside for most people who later developed health problems.
Last month, on the 40th anniversary of the disaster, the Madhya Pradesh high court ordered the government to begin removing the toxic waste and a plan was devised for the transport of more than 370 tons of sealed waste, which would be taken to a plant in Pithampur—150 miles away—and incinerated.
The plan has garnered condemnation from both Pithampur residents and people in Bhopal as well as campaigners who have demanded justice for Bhopal for decades.
The incineration is expected to take six months and to create nearly 1,000 tons of toxic residue, which will be buried in landfills—prompting fears that the damage and public health threats in Bhopal will spread to Pithampur.
The Hindu reported that police used water cannons and batons to disperse some protesters who tried to march toward the facility where the waste was delivered on Wednesday.
In Bhopal, Rachna Dhingra, a coordinator of the International Campaign for Justice in Bhopal, told The Guardian that the plan to move the contamination was a "farce and greenwashing publicity stunt to remove a tiny fraction of the least harmful waste," which had already been placed in containers and moved to a warehouse in 2005.
"There's still 1.2 million tons of poisonous waste leaching into the ground every day that they refuse to deal with," said Dhingra. "We can see for ourselves the birth defects and chronic health conditions. All this does is take the heat off the government and lets the U.S. corporations off the hook."
"It does nothing," said Dhingra, "to help the people in Bhopal who for decades have been seen as expendable."
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'Major Victory': New Law Makes NY Second State to Hold Big Polluters Accountable
"The billions begin to add up. This is, more or less, how the states slowly and then quite rapidly took down the tobacco industry," said climate leader Bill McKibben.
Dec 26, 2024
Climate advocates in New York on Thursday celebrated a "massive win" for working people, youth, and the climate as Democratic Gov. Kathy Hochul made the state the second to pass a law to make fossil fuel giants financially responsible for the environmental damages they cause.
Hochul signed the Climate Change Superfund Act into law after years of advocacy, delivering what Blair Horner, executive director of the New York Public Interest Research Group (NYPIRG), called "a welcome holiday gift for New York taxpayers."
The law is modeled on the 1980 State and Federal Superfund law, which requires corporations to fund the cleanup of toxic waste that they cause, and will require the largest fossil fuel companies, which are responsible for a majority of carbon emissions since the beginning of this century, to pay about $3 billion per year for 25 years.
The money—which otherwise would have to be paid by taxpayers, many of whom are already suffering from the extreme weather caused by fossil fuel emissions—will be used to restore and safeguard wetlands, upgrade public infrastructure, improve storm water drainage systems, and pay for climate disaster recovery efforts.
The law will "reinvest $75 billion into the communities most impacted by toxic air pollution, record-breaking storms, and dangerous heatwaves," said Theodore Moore, executive director of the Alliance for a Greater New York.
Lee Wasserman, director of the Rockefeller Family Fund, which lobbied for the new law, told The New York Times that "nothing could be fairer than making climate polluters pay."
New York state Sen. Liz Krueger (D-28), who sponsored the legislation, told the Times that repairs from extreme weather disasters and climate adaptation is projected to cost half a trillion dollars in New York by 2050.
"That's over $65,000 per household, and that's on top of the disruption, injury, and death that the climate crisis is causing in every corner of our state," Krueger said.
State Rep. Phara Souffrant Forrest (D-57) said the new law adopts a "they broke it, they bought it" approach for climate disasters and fossil fuel emissions.
New York taxpayers learned in 2024 that they would be funding $2.2 billion in climate-related infrastructure repairs and upgrades, and the U.S. Army Corps of Engineers estimates $52 billion would be needed to protect New York Harbor.
"On top of that, we’ll need $75-100 billion to protect Long Island, and $55 billion for climate costs across the rest of the state," said NYPIRG. "The state comptroller has predicted that more than half of local governments' costs will be attributable to the climate crisis."
Looking at the industry and its $1 trillion in profits over the last four years, one would never know that the emissions of the world's largest polluting corporations have helped rack up $5.4 trillion in climate damages over the last 26 years.
"Our future is on fire, New York is on fire, and meanwhile the fossil fuel industry is bringing in trillions of dollars in profit year after year," said Keanu Arpels-Josiah, organizer for Fridays for Future NYC. "It's high time for them to pay their fair share in New York. The signing of the full Climate Superfund Act, as youth across the state have advocated for year after year, is a critical step toward that—let this be the beginning of a shift on climate from this governor."
NYPIRG emphasized that the costs will not fall back on consumers.
"According to experts, because Big Oil's payments would reflect past contributions to greenhouse gas emissions, oil companies would have to treat their payments as one-time fixed costs," said the group.
New York is the second state to pass a law ensuring big polluters will play for climate damages. Vermont passed a similar law over the summer—a year after a federal emergency was declared across the state after a storm dumped two months' worth of rain in just two days, causing historic and devastating flooding.
Jamie Henn, director of Fossil Free Media, said the Climate Change Superfund Act "kicks open the door for more states to follow."
Similar legislation has been proposed in states including Maryland and New Jersey.
Krueger told The Wall Street Journal earlier this year that she would "prefer this all be done at the federal level," but as author and 350.org co-founder Bill McKibben wrote Thursday, Hochul's signing of the Climate Change Superfund Act answers the question: "How do we proceed with the most important fight in the world, when the most important office in the world is about to be filled by a climate denier, and when there's a Congress with no hope of advancing serious legislation?"
"One important answer is: We go state by state, and city by city, making gains everywhere we still can," said McKibben, less than a month before President-elect Donald Trump's inauguration.
"And now those other states may join in too. The billions begin to add up. This is, more or less, how the states slowly and then quite rapidly took down the tobacco industry," he wrote. "So—many many thanks to the people who but their bodies on the line these past days, and those who have worked so hard for years to get us here. This may be what progress looks like in the Trump years."
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