Bullshit.
The investments of just 125 billionaires emit 393 million tonnes of CO2e each year – the equivalent of France – at an individual annual average that is a million times higher than someone in the bottom 90 percent of humanity.
That is to say, if you multiply the emissions of the gasoline sold by ExxonMobil by whatever percentage of ExxonMobile that’s in Bill Gate’s portfolio, you get an absolutely ridiculous emissions number.
But that seems to assume that if it weren’t for those dastardly billionaires investing in oil companies, we’d all be living in 10-minute cities with incredible subways connected by high speed rail, powered entirely by renewables, and heated by geothermal heat pumps. And I honestly don’t beleive that.
The statistic that “Just 100 companies responsible for 71% of global emissions” is better understood as “Just 100 companies responsible for selling 71% of global fossil fuels”. It’s fundamentally saying that there’s a few large coal, oil and gas companies worldwide selling us most of the supply.
If you want those companies to stop polluting, that amounts to those companies not selling fossil fuels.
Which is honestly the goal, but the only way to do that is to replace the demand for fossil fuels. Cutting the US off from fossil fuels would kill a ton of people if you didn’t first make an energy grid 100% powered by renewables, got people to buy electric cars, cold climate heat pumps, etc.