Richest 1% Emit as Much Carbon as Poorest Two-Thirds, Oxfam Report Finds

Wealthiest 10% Account for Half of Global Emissions, with Billionaire Investments in Polluting Industries Double the Average

The world's richest 1% are responsible for the same amount of carbon emissions as the poorest two-thirds of the global population, according to a report by Oxfam International.
The wealthiest 10% were responsible for 50% of global emissions, while the bottom 50% were responsible for just 8%.
Within the top 1%, one-third of the carbon emissions are linked to personal consumption in the U.S., followed by China and the Gulf countries.
Between 50% and 70% of emissions by the 1% come through investments in companies, with billionaire investments in polluting industries being double that of the average investor.
Oxfam's report suggests taxing the uber-rich and using that money to invest in renewable energy as a solution.