Article 4Z8K3 Revealed: big oil's profits since 1990 total nearly $2tn

Revealed: big oil's profits since 1990 total nearly $2tn

by
Matthew Taylor and Jillian Ambrose
from Environment | The Guardian on (#4Z8K3)

BP, Shell, Chevron and Exxon accused of making huge profits while 'passing the buck' on climate change

BP, Shell, Chevron and Exxon have made almost $2tn in profits in the past three decades as their exploitation of oil, gas and coal reserves has driven the planet to the brink of climate breakdown, according to analysis for the Guardian.

The scale of their profits is revealed as experts say the fossil fuel boom is coming to an end, with big oil entering a "death knell" phase, according to one prominent Wall St commentator.

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