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America's richest 10% are responsible for 40% of its planet-heating pollution, new report finds (www.cnn.com)

submitted 1 year ago by stopthatgirl7@kbin.social to c/worldnews@lemmy.ml

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America’s wealthiest people are also some of the world’s biggest polluters – not only because of their massive homes and private jets, but because of the fossil fuels generated by the companies they invest their money in.

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[–] BarryZuckerkorn@beehaw.org 10 points 1 year ago (2 children)

but because of the fossil fuels generated by the companies they invest their money in.

Lemme go ahead and roll my eyes here. Yes, American Airlines produces a significant percentage of the world's greenhouse emissions. But they burn that fuel for the passengers, not just for the benefit of shareholders. Same with ExxonMobil, BP, etc.

Consumption is what drives pollution. Investments to profit off of that consumption is secondary.

[–] rikudou@lemmings.world 9 points 1 year ago

Their biggest success is convincing common folks it's out fault.

[–] Bartsbigbugbag@lemmy.ml 6 points 1 year ago* (last edited 1 year ago)

Consumption driven by advertising based on Edward Bernays work, which explicitly intends to create fissures within people and then sell them cures to the fissures they created,m. Just disallowing advertising would have a substantial effect on consumption.