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

Climate co-operation is in every nation's self-interest

Climate co-operation is in every nation's self-interest

UNFCCC's Simon Stiell's Istanbul speech setting out the priorities for COP31 - in full

Simon Stiell, UNFCCC
clock 13 February 2026 • 8 min read
But what about China?

But what about China?

Critics of net zero targets like to weaponise China's out-sized carbon footprint, but the data showing how the country has become a clean energy superpower is stacking up

James Murray
clock 12 February 2026 • 9 min read
'A considered decision': Compass Group pushes back net zero target to 2040

'A considered decision': Compass Group pushes back net zero target to 2040

Food service giant confirms original 2030 target set in 2021 has been delayed, as it works to decarbonise complex operations

clock 11 February 2026 • 4 min read