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Radio France Internationale
Radio France Internationale
Environment
RFI

Oil, gas giants could pay climate damage and still profit: report

The world's top 25 "carbon majors" caused climate damage at a cost of 20 trillion dollars from 1985-2018, but their financial gains were about 50 percent larger during those years. © OLIVIER CHASSIGNOLE / AFP

Paris (AFP) – Major oil and gas companies such as Aramco, ExxonMobil and Shell could have paid for their share of the damage caused by climate change and still earned trillions of dollars in profit, researchers said on Thursday.

Their conclusions were released ahead of the UN's Cop28 climate negotiations later this month in Dubai, where developing countries not responsible for most carbon emissions are expected to push for governments and firms to pay more for their role in global warming.

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