Article 6BT7H Fossil fuel firms owe climate reparations of $209bn a year, says study

Fossil fuel firms owe climate reparations of $209bn a year, says study

by
Nina Lakhani Climate justice reporter
from Environment | The Guardian on (#6BT7H)

Groundbreaking analysis by One Earth is first to quantify economic burden caused by individual companies

The world's top fossil fuel companies owe at least $209bn in annual climate reparations to compensate communities most damaged by their polluting business and decades of lies, a new study calculates.

BP, Shell, ExxonMobil, Total, Saudi Arabia's state oil company and Chevron are among the largest 21 polluters responsible for $5.4tn (4.3tn) in drought, wildfires, sea level rise, and melting glaciers among other climate catastrophes expected between 2025 and 2050, according to groundbreaking analysis published in the journal One Earth.

Continue reading...
External Content
Source RSS or Atom Feed
Feed Location http://feeds.theguardian.com/theguardian/environment/rss
Feed Title Environment | The Guardian
Feed Link https://www.theguardian.com/us/environment
Feed Copyright Guardian News and Media Limited or its affiliated companies. All rights reserved. 2024
Reply 0 comments