Environment United Kingdom

Super-rich get ‘double dividend’ from causes and costs of climate crisis, report finds

Oxfam says investing by rich in disaster recovery widens inequality and gives incentive to delay climate action The world’s wealthiest people are not just…

By The News Engine Desk Based on reporting by The Guardian

27 Oct 2026, 10:30 IST Updated 1 hour ago 1 min read 1 views

Image accompanying the story: Super-rich get ‘double dividend’ from causes and costs of climate crisis, report finds — Image: Photograph: Julio Cortez/AP · via The Guardian

The Guardian reports: Oxfam says investing by rich in disaster recovery widens inequality and gives incentive to delay climate action The world’s wealthiest people are not just profiting from the polluting causes of climate breakdown, they are also increasingly cashing in on the catastrophic consequences, according to a study by Oxfam.

This environment story centres on the United Kingdom.

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Key details

Location: United Kingdom · Europe
Reported by: The Guardian
First reported: 27 Oct 2026, 10:30 IST
Key names: Oxfam
Section: Environment
Figure cited: The global equality organisation has found that the richest 0.1% of the world’s population are heavily invested in disaster preparedness, recovery and reconstruction – a market that is projected to grow from $70bn to $92bn a year by 2029. (The Guardian)