WEBVTT 00:00:00.000 --> 00:00:03.319 So Chelsea, starting the year off. I shouldn't 00:00:03.319 --> 00:00:04.379 say starting the year off. We're starting off 00:00:04.379 --> 00:00:07.799 the recording year, I guess. Oh, yeah. And I 00:00:07.799 --> 00:00:09.699 thought it would be good to check up on our rich 00:00:09.699 --> 00:00:12.980 friends. And I got this article from Oxfam International 00:00:12.980 --> 00:00:17.879 on them. Published on January 9th, 2026. Article 00:00:17.879 --> 00:00:20.480 title, the richest 1 % have blown through their 00:00:20.480 --> 00:00:23.160 fair share of carbon emissions for 2026 in just 00:00:23.160 --> 00:00:30.010 10 days, says Oxfam. Same. No. Not me. No. I 00:00:30.010 --> 00:00:33.530 think I misunderstood that. Okay. Let's read 00:00:33.530 --> 00:00:35.890 further. The richest 1 % have exhausted their 00:00:35.890 --> 00:00:38.250 annual carbon budget. The amount of CO2 that 00:00:38.250 --> 00:00:40.490 can be emitted while staying within 1 .5 degrees 00:00:40.490 --> 00:00:43.049 of warming only 10 days into the year, according 00:00:43.049 --> 00:00:45.429 to a new analysis from Oxfam, the richest 0 .1 00:00:45.429 --> 00:00:48.350 % already used up their carbon limit by the 3rd 00:00:48.350 --> 00:00:52.859 of January. Wow. This day, named by... oxfam 00:00:52.859 --> 00:00:55.340 as plutocrats day highlights how the super rich 00:00:55.340 --> 00:00:57.520 are disproportionately responsible for driving 00:00:57.520 --> 00:00:59.960 the climate crisis the emissions of the richest 00:00:59.960 --> 00:01:02.140 one percent generated in one year alone will 00:01:02.140 --> 00:01:04.819 cause an estimated 1 .3 million heat -related 00:01:04.819 --> 00:01:19.430 deaths by the end of the century That is insane. 00:01:22.450 --> 00:01:30.180 Meanwhile... Those who have done the least to 00:01:30.180 --> 00:01:32.079 cause the climate crisis, including communities 00:01:32.079 --> 00:01:34.620 in poorer and climate vulnerable countries, indigenous 00:01:34.620 --> 00:01:37.400 groups, women and girls, will be the worst impacted. 00:01:37.599 --> 00:01:39.840 Quote, time and time again, the research shows 00:01:39.840 --> 00:01:41.879 that governments have a very clear and simple 00:01:41.879 --> 00:01:44.599 route to drastically slash carbon emissions and 00:01:44.599 --> 00:01:47.709 tackle inequality. By cracking down on the gross 00:01:47.709 --> 00:01:49.870 carbon recklessness of the super -rich, global 00:01:49.870 --> 00:01:52.450 leaders have an opportunity to put the world 00:01:52.450 --> 00:01:55.290 back on track for climate targets and unlock 00:01:55.290 --> 00:01:58.250 net benefits for people and the planet. End quote, 00:01:58.290 --> 00:02:01.590 said Oxfam climate policy lead, Nafkot Dabi. 00:02:02.040 --> 00:02:03.780 On top of their lifestyle emissions, the super 00:02:03.780 --> 00:02:05.760 rich are also investing in the most polluting 00:02:05.760 --> 00:02:08.759 industries. Oxfam's research finds that each 00:02:08.759 --> 00:02:11.300 billionaire carries, on average, an investment 00:02:11.300 --> 00:02:13.780 portfolio in companies that will produce 1 .9 00:02:13.780 --> 00:02:16.699 billion tons of carbon dioxide a year, further 00:02:16.699 --> 00:02:19.210 locking the world into a climate breakdown. The 00:02:19.210 --> 00:02:22.129 wealthiest individuals and corporations also 00:02:22.129 --> 00:02:24.930 hold disproportionate power and influence. The 00:02:24.930 --> 00:02:26.849 number of lobbyists from fossil fuel companies 00:02:26.849 --> 00:02:29.009 attending the recent COP summit in Brazil, for 00:02:29.009 --> 00:02:31.870 example, was more than any delegation apart from 00:02:31.870 --> 00:02:35.050 the host nation with 1 ,600 attendees. Quote, 00:02:35.050 --> 00:02:37.210 the immense power and wealth of super -rich individuals 00:02:37.210 --> 00:02:39.469 and corporations have also allowed them to wield 00:02:39.469 --> 00:02:42.030 unjust influence over policymaking and watered 00:02:42.030 --> 00:02:44.689 -down climate negotiations. End quote, Nefcott 00:02:44.689 --> 00:02:47.840 Dabi added. Oxfam calls on governments to slash 00:02:47.840 --> 00:02:50.379 the emissions of the super rich and make rich 00:02:50.379 --> 00:02:53.639 polluters pay through increased taxes on income 00:02:53.639 --> 00:02:55.759 and wealth for the super rich and proactively 00:02:55.759 --> 00:02:58.139 support and engage on the negotiations for the 00:02:58.139 --> 00:03:00.620 UN Convention of International Tax Cooperation 00:03:00.620 --> 00:03:03.759 to deliver a fair global architecture. Excess 00:03:03.759 --> 00:03:06.620 profit taxes on fossil fuel corporations. A rich 00:03:06.620 --> 00:03:09.960 polluter profit tax on 585 oil, gas, and coal 00:03:09.960 --> 00:03:12.740 companies could raise up to 400 US billion in 00:03:12.740 --> 00:03:14.960 its first year, equivalent to the cost of climate 00:03:14.960 --> 00:03:18.060 damage to the global south. Ban or punitively 00:03:18.060 --> 00:03:21.280 tax carbon -intensive luxury items such as superyachts 00:03:21.280 --> 00:03:24.080 and private jets. The carbon footprint of a super 00:03:24.080 --> 00:03:26.780 -rich European accumulated from nearly a week 00:03:26.780 --> 00:03:29.099 of using a superyacht and private jets matches 00:03:29.099 --> 00:03:31.080 the lifetime carbon footprint of someone in the 00:03:31.080 --> 00:03:34.599 world's poorest 1%. and build an equal economic 00:03:34.599 --> 00:03:37.780 system that puts people and planet first by rejecting 00:03:37.780 --> 00:03:40.419 dominant neoliberal economics and moving towards 00:03:40.419 --> 00:03:42.419 an economy based on sustainability and equality. 00:03:42.800 --> 00:03:45.020 That is the article. It has a lot of footnotes, 00:03:45.020 --> 00:03:47.680 but I just thought it... you know start the year 00:03:47.680 --> 00:03:50.599 off and like look at that not even 10 days in 00:03:50.599 --> 00:03:53.099 and they've used up their emissions which I assume 00:03:53.099 --> 00:03:55.840 means they'll stop. Yeah yeah of course they'll 00:03:55.840 --> 00:03:58.400 stop it's only three days in they just wanted 00:03:58.400 --> 00:04:00.360 to get it over with and then they won't do it 00:04:00.360 --> 00:04:03.400 anymore I'm sure. Yeah. You know what like they 00:04:03.400 --> 00:04:07.000 should just say like we're not allowing you to 00:04:07.000 --> 00:04:10.259 have anything that's going to surpass the carbon 00:04:10.259 --> 00:04:13.259 emissions that you're able to within this amount 00:04:13.259 --> 00:04:15.580 of time. Do you mean kind of like a breathalyzer? 00:04:15.949 --> 00:04:17.829 Kind of like a breathalyzer for somebody who's 00:04:17.829 --> 00:04:20.250 gotten too many DUIs so they can't start their 00:04:20.250 --> 00:04:22.449 car without breathing into it. Yeah, exactly. 00:04:22.649 --> 00:04:24.430 But you know what? They're not going to do it 00:04:24.430 --> 00:04:27.470 because capitalism. Yeah, and I think the orcas 00:04:27.470 --> 00:04:29.569 should be the ones enforcing this system. And 00:04:29.569 --> 00:04:31.870 I think they are, slowly but surely. Yeah, they 00:04:31.870 --> 00:04:35.209 might need to get into bigger pods for the bigger 00:04:35.209 --> 00:04:37.550 super yachts, but I have faith in them. And the 00:04:37.550 --> 00:04:39.589 thing that I worry about the most with the super 00:04:39.589 --> 00:04:41.649 rich is that they're learning from the orcas 00:04:41.649 --> 00:04:44.110 that they just don't have big enough boats. Yeah. 00:04:44.430 --> 00:04:46.480 So are you saying that orcas should get boats 00:04:46.480 --> 00:04:49.360 no i'm thinking that the rich are going to get 00:04:49.360 --> 00:04:53.319 bigger boats to stave off orca attacks yeah and 00:04:53.319 --> 00:04:55.680 it's just going to leave the lesser rich to the 00:04:55.680 --> 00:04:58.439 orcas to take care of it's also an option that 00:04:58.439 --> 00:05:01.220 the orcas do get boats they should do that we 00:05:01.220 --> 00:05:03.860 can try away from them they can take the super 00:05:03.860 --> 00:05:08.000 yacht boats board them, and the super rich can 00:05:08.000 --> 00:05:10.959 therefore become orcas, just like the wolves 00:05:10.959 --> 00:05:13.540 did. Yeah. And who are our scientists to tell 00:05:13.540 --> 00:05:15.600 them that they can't do that? I don't think we 00:05:15.600 --> 00:05:17.379 should put limitations on orcas. Our scientists 00:05:17.379 --> 00:05:21.279 just did tell them that. Anyhow, orcas, you've 00:05:21.279 --> 00:05:23.240 got 48 hours. Figure it out. I know you listen 00:05:23.240 --> 00:05:26.579 to this. Yep. We love you. Anyhow, bye.