"Without policies such as regulations or taxes on very polluting investments, it's unlikely that wealthy individuals making a lot of money from fossil fuel investments will stop investing in them," says one economist.
Like lots of data, it’s an average. There are lots of people, similar to you, who are not absolute gas guzzlers I’m the top 10%. The top 10% also includes the 1% and the .1%, which will greatly increase the average for the entire category.
Similarly to how an average doesn’t tell the whole story, neither does how you invest. Assumptions have to be made to come up with these articles, such as how much carbon emissions are created through investments, which isn’t exactly cut and dry.
TL;DR just because an article says that a group of people are the cause of something, it doesn’t mean that everyone in the group is causing it.
It also depends on how the data is being used. For this study source of wages is being heavily weighted as well as what companies an individual chooses to invest in. So while household is the focus of the headline companies are more the focus, since by the metric used it seems as though someone who lives a green life style on paper living in a tent and biking but invests majority of their money and sees it grow would be a heavier polluter than someone who makes less but lives in a big house, drives suvs and pick ups, but doesn’t see their net worth increase with most money not being used towards investments but paying off debt.
Like lots of data, it’s an average. There are lots of people, similar to you, who are not absolute gas guzzlers I’m the top 10%. The top 10% also includes the 1% and the .1%, which will greatly increase the average for the entire category.
Similarly to how an average doesn’t tell the whole story, neither does how you invest. Assumptions have to be made to come up with these articles, such as how much carbon emissions are created through investments, which isn’t exactly cut and dry.
TL;DR just because an article says that a group of people are the cause of something, it doesn’t mean that everyone in the group is causing it.
It also depends on how the data is being used. For this study source of wages is being heavily weighted as well as what companies an individual chooses to invest in. So while household is the focus of the headline companies are more the focus, since by the metric used it seems as though someone who lives a green life style on paper living in a tent and biking but invests majority of their money and sees it grow would be a heavier polluter than someone who makes less but lives in a big house, drives suvs and pick ups, but doesn’t see their net worth increase with most money not being used towards investments but paying off debt.