Saudi Aramco, Chevron, and 109 of the world’s biggest companies have caused $28 trillion in climate damage alone—and people want them to pay up

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The world's biggest corporations have caused $28 trillion in climate damage, a new study estimates.

So far, no climate liability lawsuit against a major carbon emitter has been successful, but maybe showing “how overwhelmingly strong the scientific evidence” is can change that, she said.

The researchers started with known final emissions of the products — such as gasoline or electricity from coal-fired power plants — produced by the 111 biggest carbon-oriented companies going as far back as 137 years, because that's as far back as any of the companies' emissions data go and carbon dioxide stays in the air for much longer than that.

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Article Details

Author / Journalist: Seth Borenstein, The Associated Press

Category: EconomyBusiness

Markets: United States

Topics: Shell Chevron Big Oil Climate BP Saudi Aramco

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-23 @ 17:46:50 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 858 words

Reading Time: 5 minutes read

Sentences: 4 lines

Sentence Length: 215 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 28175972

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