XR Belgium

A Dartmouth College research team came up with the estimated pollution caused by 111 companies, with more than half of the total dollar figure coming from 10 fossil fuel providers: Saudi Aramco, Gazprom, Chevron, ExxonMobil, BP, Shell, National Iranian Oil Co., Pemex, Coal India and the British Coal Corporation. For comparison, $28 trillion is a shade less than the sum of all goods and services produced in the United States last year.

Insurance costs are rising quickly across much of the country. Hurricanes are part of the reason, but it’s the other perils common across the Midwest and Great Plains that complicate costs.

Companies announce climate goals with great fanfare—but all too often, they eventually scale back or fail to implement those pledges. We asked Yale SOM’s Todd Cort how significant these reversals are and what should be done to encourage companies to keep making progress.

California has sued five of the largest oil and gas companies in the world, alleging that they engaged in a 'decades-long campaign of deception' about climate change and the risks posed by fossil fuels.

BP, Shell, and TotalEnergies found to be leading a multi-pronged influencing campaign that could lock in fossil gas across both continents, with push back coming from more renewables-focused European energy players.

The fallout when the industry fails to act is still smaller than the rewards for pumping out more pollution

Some two dozen climate liability suits have been making their way through the courts since 2015, bolstered by media investigations and attribution studies that are able to accurately pinpoint the precise contribution climate change has made to the damages inflicted by extreme weather events. A 2021 study in the journal Nature, for example, found that just over $8bn (£7bn) of the $62.7bn (£55.3bn) in damages caused by Superstorm Sandy across New York, New Jersey and Connecticut, is attributable to sea-level rise caused by climate change.

Country hopes to ensure effects of climate crisis are always considered in business, investment, lending and insurance decisions

The industry has been pushing through policies devoting billions of dollars to the technology, and much more is likely to come with legislation pending before Congress.

Failing, heavily subsidized private oil companies enjoy the profits of oil extraction while the rest of us pay in tax dollars, human rights abuses, and an unlivable climate. Oil and gas companies are a political structure: they possess private, authoritarian dominion over the pace and volume of oil and gas production, and thus of important determinants of global emissions. These emissions and their consequences do not respect any sort of public/private distinction, nor borders, nor the rights to clean air or clean water.

abs_empty

abs_empty