The world's biggest companies have caused $28 trillion in climate damage, a new study estimates
- The world’s largest corporations have caused $28 trillion in climate damage, according to a study by a Dartmouth College research team.
- Over half of this damage comes from ten fossil fuel providers, including Saudi Aramco and ExxonMobil.
- The study calculates that every 1% of greenhouse gas emissions since 1990 has caused $502 billion in heat-related damage.
- Christopher Callahan, the study's lead author, stated that the research aims to clarify accountability for these damages.
66 Articles
66 Articles
States ramp up efforts to make fossil fuel giants pay for climate damages
A year after devastating floods swept Vermont, new science is strengthening state-level efforts to hold oil and gas companies accountable for climate-driven destruction.Austyn Gaffney reports for The New York Times.In short:Vermont passed the first U.S. law requiring fossil fuel companies to pay for climate damages, a model now spreading to other states like New York and Massachusetts.A new Nature study introduces a refined model of attribution …
$28 Trillion in Climate Warming Damage Caused by 111 of the World’s Biggest Companies: Study
Researchers from Dartmouth College have estimated that the biggest corporations in the world have caused a total of $28 trillion in climate damage. The results of the study are meant to help with efforts to hold the companies financially accountable, reported The Associated Press. “Here we detail the scientific and legal implications of an ‘end-to-end’ attribution that links fossil fuel producers to specific damages from warming,” the researcher…
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