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World’s richest 1% have already used fair share of emissions for 2026, says Oxfam

Richest 1% took 10 days while wealthiest 0.1% needed just three days to exhaust annual carbon budget, study shows

The world’s richest 1% have used up their fair share of carbon emissions just 10 days into 2026, analysis has found.

Meanwhile, the richest 0.1% took just three days to exhaust their annual carbon budget, according to the research by Oxfam.

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© Photograph: Ross D Franklin/AP

© Photograph: Ross D Franklin/AP

© Photograph: Ross D Franklin/AP

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G.M. Books a $7.1 Billion Loss as It Scales Back E.V. Ambitions

General Motors said it was writing down the value of battery and electric vehicle factories after changes in federal policy undercut demand.

© Brett Carlsen for The New York Times

Battery assembly at a General Motors facility in Spring Hill, Tenn. Electric cars have become more difficult to sell since the elimination of federal tax credits last year.
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Trump Pulls Out of Global Climate Treaty

The action could make it more difficult for a future administration to rejoin the Paris climate accord, the agreement among most nations to fight climate change.

© Vincent Alban/The New York Times

President Trump addressing the 80th session of the United Nations General Assembly in New York last year.
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