The world's biggest companies have caused $28 trillion in climate damage, a new study estimates
- A Dartmouth College research team estimated that pollution from 111 major companies, primarily fossil fuel producers, contributed to approximately $28 trillion in economic losses related to climate change impacts between 1991 and 2020.
- This study emerged amid past difficulties calculating individual companies’ damages, which were previously lost in data noise, making accountability unclear.
- The research linked corporate emissions to heat damage alone, excluding costs from other extreme weather like hurricanes and droughts, using robust scientific methods.
- Lead author Christopher Callahan highlighted the common inquiry about determining responsibility for climate impacts, while co-author Justin Mankin emphasized that scientifically, denial of such accountability is no longer viable.
- Although no major climate liability lawsuits have succeeded, clearer scientific links in this study could improve legal accountability and support stronger climate actions.
91 Articles
91 Articles
Report exposes $28 trillion in damage tied to five powerful companies: 'The veil of plausible deniability doesn't exist anymore'
Heat-trapping pollution from dirty fuel companies caused an estimated $28 trillion in global economic damages from extreme heat alone between 1991 and 2020, and scientists say there's no longer room for denial. What's happening? In a study published in the journal Nature, researchers at Dartmouth College used peer-reviewed methods to link pollution from 111 major fossil fuel companies to rising global temperatures and climate-related damages ove…
Companies linked to $28T in climate damage
WASHINGTON — The world's biggest corporations have caused $28 trillion in climate damage, a new study estimates as part of an effort to make it easier for people and governments to hold companies financially accountable, like the tobacco giants have…
Media Shows No scrutiny of Study Claiming Oil Companies Made the World $28 Trillion Poorer
by Kevin Killough A new study published in the journal Nature concludes that the world would be $28 trillion richer if we hadn’t used fossil fuels. Were it not for the “extreme heat” fossil fuel companies are causing, the researchers from Dartmouth College explain, we’d have a much wealthier planet. With such dramatic conclusions, multiple outlets in the legacy media breathlessly reported the findings. A report in CBS News quotes celebrity cli…
Biggest Firms on Earth Leave $28T Climate Tab in Their Wake
The world's biggest corporations have caused $28 trillion in climate damage over the years, estimates a new study, part of an effort to make it easier for people and governments to hold companies financially accountable, as the tobacco giants have been. A Dartmouth College research team came up with the...
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