Study: Fossil fuel majors' revenues could cover their climate damages

Cecilia Keating
clock • 3 min read
Study: Fossil fuel majors' revenues could cover their climate damages

Research finds that oil and gas firms could have met their share of climate change costs and still had trillions of dollars to spare

Fossil fuel companies could have paid for their share of climate loss and damages over a 33 year period and still had $10tr in revenues to spare, a new study has argued. In an analysis published earlier...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Climate change

 'Easter Eggflation' bites as chocolate prices jump 66 per cent since 2023

'Easter Eggflation' bites as chocolate prices jump 66 per cent since 2023

As UK families prepare for Easter, new ECIU analysis warns the cost of climate change is hitting home with a dramatic surge in the price of chocolate eggs

clock 26 March 2026 • 3 min read
 World Air Quality Report 2025: Only three countries in Europe meet WHO guidelines on clean air

World Air Quality Report 2025: Only three countries in Europe meet WHO guidelines on clean air

New data shows global air quality progress stalling, as wildfire smoke and climate change lead to worsening air pollution

clock 25 March 2026 • 5 min read
WMO: Rising emissions push Earth's climate 'more out of balance than ever'

WMO: Rising emissions push Earth's climate 'more out of balance than ever'

Earth’s hottest 11 years on record worldwide have occurred in past 11 years, according to World Meteorological Organisation’s annual State of the Climate report

Michael Holder
clock 23 March 2026 • 4 min read