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WEKU
WEKU
Ayana Archie

Investments of 125 billionaires have the same carbon footprint as France, study finds

Carbon dioxide and other pollutants billows from a stack at PacifiCorp's coal-fired Naughton Power Plant, near where Bill Gates company, TerraPower plans to build an advanced, nontraditional nuclear reactor, Thursday, Jan. 13, 2022, in Kemmerer, Wyo. (Natalie Behring/AP)

Some of the world's richest billionaires each emit about 3 million metric tons of carbon dioxide on average per year, more than 1 million times the amount emitted by 90% of people, according to a new study.

The sample consisted of 125 billionaire with investments in 183 corporations, and who have a combined corporate equity value of $2.4 trillion. About 50 to 70% of their emissions stem from their investments.

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