Study estimates world's biggest corporations caused $28 trillion in climate damage
By
Seth Borenstein
Summary
A new study published in Nature estimates that the world's 111 biggest corporations have caused $28 trillion in climate damage, with over half of that figure coming from just 10 fossil fuel providers including Saudi Aramco, Chevron, ExxonMobil, BP, and Shell. The Dartmouth College research team's work is part of a broader effort to make it easier to hold major polluters financially accountable, similar to how tobacco companies were held liable for health damages.
Source
bskyStudy estimates world's biggest corporations caused $28 trillion in climate damageapnews.comKey quotes
· 3 pulledThe 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 been.
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.
A Dartmouth College research team came up with the estimated pollution caused by 111 companies.
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