Latest / Journey to the Fringe / Fringey Mini: Yacht to be kidding me
Transcript
- 0:00So Chelsea, starting the year off. I shouldn't
- 0:03say starting the year off. We're starting off
- 0:04the recording year, I guess. Oh, yeah. And I
- 0:07thought it would be good to check up on our rich
- 0:09friends. And I got this article from Oxfam International
- 0:12on them. Published on January 9th, 2026. Article
- 0:17title, the richest 1 % have blown through their
- 0:20fair share of carbon emissions for 2026 in just
- 0:2310 days, says Oxfam. Same. No. Not me. No. I
- 0:30think I misunderstood that. Okay. Let's read
- 0:33further. The richest 1 % have exhausted their
- 0:35annual carbon budget. The amount of CO2 that
- 0:38can be emitted while staying within 1 .5 degrees
- 0:40of warming only 10 days into the year, according
- 0:43to a new analysis from Oxfam, the richest 0 .1
- 0:45% already used up their carbon limit by the 3rd
- 0:48of January. Wow. This day, named by... oxfam
- 0:52as plutocrats day highlights how the super rich
- 0:55are disproportionately responsible for driving
- 0:57the climate crisis the emissions of the richest
- 0:59one percent generated in one year alone will
- 1:02cause an estimated 1 .3 million heat -related
- 1:04deaths by the end of the century That is insane.
- 1:22Meanwhile... Those who have done the least to
- 1:30cause the climate crisis, including communities
- 1:32in poorer and climate vulnerable countries, indigenous
- 1:34groups, women and girls, will be the worst impacted.
- 1:37Quote, time and time again, the research shows
- 1:39that governments have a very clear and simple
- 1:41route to drastically slash carbon emissions and
- 1:44tackle inequality. By cracking down on the gross
- 1:47carbon recklessness of the super -rich, global
- 1:49leaders have an opportunity to put the world
- 1:52back on track for climate targets and unlock
- 1:55net benefits for people and the planet. End quote,
- 1:58said Oxfam climate policy lead, Nafkot Dabi.
- 2:02On top of their lifestyle emissions, the super
- 2:03rich are also investing in the most polluting
- 2:05industries. Oxfam's research finds that each
- 2:08billionaire carries, on average, an investment
- 2:11portfolio in companies that will produce 1 .9
- 2:13billion tons of carbon dioxide a year, further
- 2:16locking the world into a climate breakdown. The
- 2:19wealthiest individuals and corporations also
- 2:22hold disproportionate power and influence. The
- 2:24number of lobbyists from fossil fuel companies
- 2:26attending the recent COP summit in Brazil, for
- 2:29example, was more than any delegation apart from
- 2:31the host nation with 1 ,600 attendees. Quote,
- 2:35the immense power and wealth of super -rich individuals
- 2:37and corporations have also allowed them to wield
- 2:39unjust influence over policymaking and watered
- 2:42-down climate negotiations. End quote, Nefcott
- 2:44Dabi added. Oxfam calls on governments to slash
- 2:47the emissions of the super rich and make rich
- 2:50polluters pay through increased taxes on income
- 2:53and wealth for the super rich and proactively
- 2:55support and engage on the negotiations for the
- 2:58UN Convention of International Tax Cooperation
- 3:00to deliver a fair global architecture. Excess
- 3:03profit taxes on fossil fuel corporations. A rich
- 3:06polluter profit tax on 585 oil, gas, and coal
- 3:09companies could raise up to 400 US billion in
- 3:12its first year, equivalent to the cost of climate
- 3:14damage to the global south. Ban or punitively
- 3:18tax carbon -intensive luxury items such as superyachts
- 3:21and private jets. The carbon footprint of a super
- 3:24-rich European accumulated from nearly a week
- 3:26of using a superyacht and private jets matches
- 3:29the lifetime carbon footprint of someone in the
- 3:31world's poorest 1%. and build an equal economic
- 3:34system that puts people and planet first by rejecting
- 3:37dominant neoliberal economics and moving towards
- 3:40an economy based on sustainability and equality.
- 3:42That is the article. It has a lot of footnotes,
- 3:45but I just thought it... you know start the year
- 3:47off and like look at that not even 10 days in
- 3:50and they've used up their emissions which I assume
- 3:53means they'll stop. Yeah yeah of course they'll
- 3:55stop it's only three days in they just wanted
- 3:58to get it over with and then they won't do it
- 4:00anymore I'm sure. Yeah. You know what like they
- 4:03should just say like we're not allowing you to
- 4:07have anything that's going to surpass the carbon
- 4:10emissions that you're able to within this amount
- 4:13of time. Do you mean kind of like a breathalyzer?
- 4:15Kind of like a breathalyzer for somebody who's
- 4:17gotten too many DUIs so they can't start their
- 4:20car without breathing into it. Yeah, exactly.
- 4:22But you know what? They're not going to do it
- 4:24because capitalism. Yeah, and I think the orcas
- 4:27should be the ones enforcing this system. And
- 4:29I think they are, slowly but surely. Yeah, they
- 4:31might need to get into bigger pods for the bigger
- 4:35super yachts, but I have faith in them. And the
- 4:37thing that I worry about the most with the super
- 4:39rich is that they're learning from the orcas
- 4:41that they just don't have big enough boats. Yeah.
- 4:44So are you saying that orcas should get boats
- 4:46no i'm thinking that the rich are going to get
- 4:49bigger boats to stave off orca attacks yeah and
- 4:53it's just going to leave the lesser rich to the
- 4:55orcas to take care of it's also an option that
- 4:58the orcas do get boats they should do that we
- 5:01can try away from them they can take the super
- 5:03yacht boats board them, and the super rich can
- 5:08therefore become orcas, just like the wolves
- 5:10did. Yeah. And who are our scientists to tell
- 5:13them that they can't do that? I don't think we
- 5:15should put limitations on orcas. Our scientists
- 5:17just did tell them that. Anyhow, orcas, you've
- 5:21got 48 hours. Figure it out. I know you listen
- 5:23to this. Yep. We love you. Anyhow, bye.