The investments of just 125 billionaires emit 393 million tonnes of CO2e each year – the equivalent of France – at an individual annual average that is a million times higher than someone in the bottom 90 percent of humanity.
That is to say, if you multiply the emissions of the gasoline sold by ExxonMobil by whatever percentage of ExxonMobile that’s in Bill Gate’s portfolio, you get an absolutely ridiculous emissions number.
But that seems to assume that if it weren’t for those dastardly billionaires investing in oil companies, we’d all be living in 10-minute cities with incredible subways connected by high speed rail, powered entirely by renewables, and heated by geothermal heat pumps. And I honestly don’t beleive that.