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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 [email protected] to c/[email protected]

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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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[–] [email protected] 4 points 1 year ago (1 children)

Wouldn’t insurance be one of the lowest carbon footprints? They don’t really make or manufacture anything, minimal fleet presence (like adjusters cars and what not, not like delivery trucks or semis)?

I could see their investments maybe being problematic by investing in other companies that are heavy polluters, but idk maybe I’m missing something? Seems like they wouldn’t have much of a footprint compared to others at their size and scale.

[–] [email protected] 1 points 1 year ago

I'd like to buy carbon emission insurance. If it stays above safe levels, I get paid. If it goes below safe levels, I pay them. They adjust rates offered based on its likelihood. Then they'd have a strong incentive to fund various activities to reduce pollution.