Super-rich obtain "double dividend" with causes and consequences of the climate crisis, says study

A Oxfam's study reveals that the world's wealthiest individuals profit from both the causes and consequences of climate change. The top 0.1% invest heavily in disaster recovery, creating a 'double dividend' from climate crises. This exacerbates global inequality, as those least responsible for climate change bear the brunt of its impacts. The wealthiest emit more carbon than the poorest 3.5 billion combined, largely due to their investments in polluting industries. The report highlights that climate-related disasters disproportionately benefit large corporations and their investors, while small producers suffer. Oxfam calls for higher taxes on the rich and polluting industries to address these disparities.