Breaking News
July 6, 2025 - West Ham Reject £50m Tottenham Bid for Mohammed Kudus July 6, 2025 - France Defeats England in Euro 2025 Opener, Putting Defending Champs in Peril July 5, 2025 - Barcelona Informed of Price to Sign Rafael Leão from AC Milan July 5, 2025 - Euro 2025: Wales Fans Debut with Loss to Netherlands in Lucerne July 5, 2025 - France vs. England Uefa Women's Euro Championship: Live Updates and Highlights on ESPN July 5, 2025 - U.S.-Mexico Gold Cup Final Preview: Rivalry Renewed in Houston July 5, 2025 - Arsenal's Arteta Sets Two-Week Deadline for Striker Signing Amid Gyökeres Talks July 5, 2025 - Liverpool Players and Fans Mourn Diogo Jota and Brother at Funerals in Portugal July 5, 2025 - Late Own Goal Propels Chelsea Past Palmeiras in CWC Semifinals July 5, 2025 - Palmeiras vs. Chelsea Live Coverage: FIFA Club World Cup Updates on ESPN
  • HotRecentNews.com
  • World
  • Politics
  • Sports
  • Entertainment
  • Science
  • Technology
  • Health
HotRecentNews.com
Menu
  • World

  • Politics

  • Sports

  • Entertainment

  • Science

  • Technology

  • Health

Home / World / Oil Companies Liable for Trillions in Climate Damage, Study Reveals

Oil Companies Liable for Trillions in Climate Damage, Study Reveals

Oil Companies Liable for Trillions in Climate Damage, Study Reveals
No Comments 14
Facebook X
World May 4, 2025 11:00

amsterdam - A recent Nature study attributes trillions in climate damages to oil and gas companies, including BP and Shell, paving the way for potential legal claims.

Oil Companies Liable for Trillions in Climate Damage, Study Reveals

A study published in Nature has found that oil and gas companies are accountable for trillions of dollars in climate damages from 1991 to 2020. Aramco and Gazprom lead the list of top polluters, with significant financial liabilities.

Key Findings

The study identifies Saudi Aramco as the largest polluter, followed by Gazprom, Chevron, ExxonMobil, BP, and Shell, with damages totaling $28 trillion attributed to 111 fossil energy companies. The calculations focus on the impacts of fossil fuel-induced temperature rise, such as crop losses, reduced labor productivity, and increased heat-related deaths.

Legal Implications

Legal experts may use the study to support climate damage liability claims against the fossil fuel industry. The research establishes a scientific basis for holding companies accountable for their contributions to climate change.

Industry Response

While many oil companies have pledged to reduce CO2 emissions in accordance with the Paris Climate Agreement, past lawsuits have challenged their accountability. Shell, for instance, faced legal action to cut its global CO2 emissions by 45% by 2030, a decision that was later overturned in court.

Future Outlook

The study's implications could impact ongoing climate-related lawsuits, especially in the United States where states like California and Rhode Island have taken legal action against major oil corporations. The evolving legal landscape around climate accountability raises questions about the industry's future responsibilities.

NEW TikTok Removes #SkinnyTok Worldwide After Pressure from Brussels and Paris

Leave a comment Cancel

reload

Trending Now

  • Today
  • Yesterday
  • Month
  • Comments
  • 1

    Mbappé Secures Real Madrid Quarterfinal Victory Over Dortmund in FIFA Club World Cup

    July 6, 2025
  • 2

    Real Madrid's Gonzalo García Shines at Club World Cup

    July 6, 2025
  • 3

    Brazilian Striker Igor Jesus Joins Nottingham Forest from Botafogo

    July 6, 2025
  • 4

    Brighton Signs Belgium Defender Maxim De Cuyper from Club Brugge

    July 6, 2025
  • 5

    Arsenal Signs Martín Zubimendi from Real Sociedad for €60 Million

    July 6, 2025
  • 1

    Chelsea Signs Jamie Gittens from Borussia Dortmund on Long-Term Contract

    July 5, 2025
  • 2

    Manchester United Signs 18-Year-Old Paraguayan Defender Diego Leon

    July 5, 2025
  • 3

    Paris Saint-Germain vs. Bayern Munich Live Updates on ESPN

    July 5, 2025
  • 4

    The Art of Team Talks: Insights from Thiago Silva and Mikel Arteta

    July 5, 2025
  • 5

    PSG Overcome Adversity to Beat Bayern Munich at Club World Cup

    July 5, 2025
  • 1

    Liverpool Nearing Deal for Florian Wirtz as Transfer Rumors Heat Up

    June 7, 2025
  • 2

    María Sánchez Completes Move to Liga MX Femenil's Tigres

    June 21, 2025
  • 3

    André Onana Prefers to Stay at Manchester United Amid Monaco Interest

    June 21, 2025
  • 4

    Concacaf Gold Cup: USMNT vs. Haiti Live Updates at AT&T Stadium

    June 23, 2025
  • 5

    Arsenal Balk at Sesko's Wage Demands, Transfer Rumors Swirl

    June 23, 2025
Hot Recent News
The HOTRECENTNEWS.com is not responsible for the content of external sites.

SEARCH

  • World News

Back to Top