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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."
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