Outing the Oligarchy – Billionaires Who Benefit from the Climate Crisis

The International Forum on Globalization (IFG) released a special report today, "Outing the Oligarchy: Billionaires Who Benefit From Today's Climate Crisis," which identifies the world's wealthiest 50 individuals whose investments benefit from...

December 6, 2011 | Source: | by International Forum on Globalization

For related articles and more information, please visit OCA’s Politics and Democracy page and our Environment and Climate Resource Center page.

The International Forum on Globalization (IFG) released a special report today, “Outing the Oligarchy: Billionaires Who Benefit From Today’s Climate Crisis,” which identifies the world’s wealthiest 50 individuals whose investments benefit from climate change and whose influence networks block efforts to phase out pollution from fossil fuels.

IFG’s report comes as global debates intensify on how best to protect the climate and how best to counter the corrupting power of extreme wealth over politics.  The report draws the links between the two debates and identifies the emerging, ultra-rich tycoons who are deepening the world’s climate crisis.

The world’s richest corporations and capitalists have been branded by the Occupy Wall Street movement as the “one percent,” yet there has been scant attention to the individuals within the “one percent” who have greatest responsibility for greenhouse gas emissions.  Little information has been publicly available about the identities of the industrialists, investors and ideologues who are most responsible for the decisions over carbon-intensive activities that drive greenhouse gas emissions far past danger levels.

IFG’s new report brings this information to light. The task of calculating carbon decision-making footprints is highly complex.  However, IFG’s new study is an initial step in what will be a longer-term initiative of analyzing the roles played by the planet’s worst carbon culprits and how they fund sophisticated influence networks over almost all aspects of government policymaking, especially energy.