Super-rich profit from climate disasters
The gist
Oxfam's report says 217 disaster-linked companies averaged $1.8 billion profit in 2025.
It argues the wealthiest fund climate damage and cash in on recovery.
How it unfolded
- Oct 27, 2026Oxfam publishes the 'Disaster Divide' report and its 'Destroy and Rebuild Index', examining 217 companies that profit from creating, preparing for or recovering from climate disasters.
- Oct 27, 2026The report says those companies made $1.8 billion on average in 2025 and paid out more than $1 billion on average to shareholders; it is published ahead of the COP31 climate talks in Türkiye.
- Nov 4, 2026Climate Home News publishes 'The great disaster divide: How the super-rich are profiting from global climate suffering'.
Key terms
- COP31
- The 31st session of the UN climate change conference under the UNFCCC, where parties meet to negotiate climate action.
- climate finance
- Financial resources from public or private sources for climate change mitigation, adaptation, or resilience.
Source: Wikipedia