Photo Credit:Fair Use [17 U.S.C. § 107]

Oil Companies Owe the World Trillions In Climate Reparations. This Study Calculates the Exact Cost

20 May 2023 | Abstracted from Fast Company

"A new study published in the journal One Earth suggests how to calculate exactly how much they owe...Between 2025 and 2050, based on a survey of hundreds of climate economists, the total economic damages from climate change is estimated at a staggering $99 trillion; nearly $70 trillion of that can be attributed to fossil fuel emissions.

"Though the numbers are large, they're smaller than most company profits. Exxon, for example, made $56 billion last year."

ADDITIONAL RELATED NEWS LINKS

• Study: US Owes $80 Trillion In Climate Reparations, Global Total Equals $170 Trillion


• COP27 Summit Agrees to Help Climate Victims. But It Does Nothing to Stop Fossil Fuels