Action needed to stop billionaires from ‘plundering the planet’, Oxfam says

The authors of a new report have called for governments to bring in measures to “constrain luxury carbon consumption like mega yachts, private jets and space travel”

Amazon founder Jeff Bezos, who made a short trip into space earlier this year, speaking at the Leaders' Action on Forests and Land-use event during the Cop26 summit. Picture:Paul Ellis/PA Wire

Billionaires across the globe are “plundering the planet” and placing the world in “graver danger” from climate change, campaigners have warned.

Jamie Livingstone, the head of Oxfam Scotland, hit out as new research showed that by the end of this decade the carbon footprints of the richest 1% of people on earth are set to be 30 times greater than what is compatible with keeping global warming below 1.5 degrees.