In a recent study reported in the Washington Post, we find that affluence equals climate change – the richest 10% of U.S. Households are responsible for 40-50% of our country’s greenhouse gas emissions. In fact, the wealthier the household, the greater the emissions.
Now, this is not just due to people driving absurd vehicles, or traveling by air on private jets, or living in absurd and energy wasteful homes, but from how they invest.
Essentially, the study found that the greater the chase for more wealth, the more likely that the investment portfolio of the wealthiest leans toward highly polluting industries like fossil fuels companies. In other words, the people with the most are investing in industries that pollute the most and harm the greatest proportion of people with the least.
I guess that this is what is meant by trickle down economics.
Of course, what it really means is that each of us has an obligation to “put our money where our mouths are” and invest ethically…and support cleaner industries.
It is strange that where people have started doing this, some states are trying to ban such clean investing…ie, ESG…
We all want to invest wisely and do well. Can’t we do good and do well at the same time?
Read The Full Article Here:
The richest Americans account for 40 percent of U.S. climate emissions