Wealthiest 10% of US Households Responsible for 40% of Greenhouse Gas Emissions: Study
Wealthiest 10% of US Households Responsible for 40% of Greenhouse Gas Emissions: Study
"Without policies such as regulations or taxes on very polluting investments, it's unlikely that wealthy individuals making a lot of money from fossil fuel investments will stop investing in them," says one economist.
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Do your part and recycle your plastics, peasants!
Flies away in private jet
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A valid critique, but also worth mentioning, as discussed in the article, much of the GHG emissions for the top 10% (which includes households down to ~$200k) comes from passive income.
Friendly reminder to check who you bank with and what's in your 401k if you find yourself in that group.
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Local credit union all the way!
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are you claiming money is a gas
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Basically money is energy. You are using money to buy things which uses energy, stuff produced by machines which need something to run of, not from horses or ppl, but from oil and coal.
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If you invest in companies that emit GHGs, then you are helping finance their pollution, and profiting from that.
If you keep your money at a bank that does business with major polluters, your funds are being used by the bank to back loans to those polluters to help them pollute.
Spare change invested in GHGs contributes to climate change.
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Those "peasants" are responsible for the remaining 60 percent. And since those "peasants" also give these wealthy individuals money by buying useless stuff from them, you could even say that it's higher than that.
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