Tag: Oxfam

Billionaire wealth jumps three times faster in 2025 to highest peak ever, sparking dangerous political inequality says Oxfam

Stuart Mitchell

Billionaire wealth jumped by over 16 percent in 2025, three times faster than the past five-year average, to $18.3 trillion – its highest level in history, according to a new Oxfam report today as the World Economic Forum opens in Davos. Billionaire wealth has increased by 81 percent since 2020. This comes as one in four people don’t regularly have enough to eat and nearly half the world’s population lives in poverty. The report “Resisting the Rule of the Rich: Protecting Freedom from Billionaire Power” analyzes how the super-rich are…

Read More

Billionaire wealth jumps three times faster in 2025 to highest peak ever, sparking dangerous political inequality says Oxfam

Stuart Mitchell

Billionaire wealth jumped by over 16 percent in 2025, three times faster than the past five-year average, to $18.3 trillion – its highest level in history, according to a new Oxfam report today as the World Economic Forum opens in Davos. Billionaire wealth has increased by 81 percent since 2020. This comes as one in four people don’t regularly have enough to eat and nearly half the world’s population lives in poverty. The report “Resisting the Rule of the Rich: Protecting Freedom from Billionaire Power” analyzes how the super-rich are…

Read More

World’s richest 1% have blown through their fair share of carbon emissions for 2026 in just 10 days

Stuart Mitchell

The world’s richest 1% have exhausted their annual carbon budget – the amount of CO2 that can be emitted while staying within 1.5 degrees of warming – only ten days into the year, according to new analysis from Oxfam. The richest 0.1% already used up their carbon limit on 3 January. This day – named by Oxfam as ‘Pollutocrat Day’ – highlights how the super-rich are disproportionately responsible for driving the climate crisis. Each of the UK’s richest 0.1% produces more carbon pollution on average in eight days than someone…

Read More

Oxfam accuse Swedish politicians of sticking ‘head in the sand’ on poverty

Stuart Mitchell

Oxfam stunned Stockholm with a bold, guerrilla-style protest outside the Swedish Parliament. Eight life-sized mannequins, each representing a different party leader from Sweden’s eight parliamentary parties, stood with their heads buried in sand, symbolizing politicians’ refusal to address the growing poverty and inequality in the country.  As the city awoke, the protest took politicians heading for the parliament by surprise. The sight of the “heads in the sand” drew attention from passersby and sparked impromptu debates among politicians, many of whom stopped to discuss the urgent issue of rising poverty.…

Read More

A person from the richest 0.1% produces more carbon pollution in a day than someone in the bottom 50% produces all year

Stuart Mitchell

Ahead of the major international climate conference COP30 in Belem, Brazil, new Oxfam research finds that the high-carbon lifestyles of the super-rich are blowing through the world’s remaining carbon budget — the amount of CO2 that can be emitted while avoiding climate disaster. The research also details how billionaires are using their political and economic influence to keep humanity hooked on fossil fuels to maximize their private profit. The report, “Climate Plunder: How a powerful few are locking the world into disaster,” presents extensive new updated data and analysis which…

Read More