Fossil fuel companies caused $28 trillion in climate damage, study finds. These 5 are tied to the most harm. [CBS News]
Exxon Mobil Corporation (XOM)
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Source: CBS News
Their study, which was published Wednesday in "Nature," presents a peer-reviewed method for tying emissions to specific climate harms. Their goal is to help hold companies liable for the cost of extreme weather, similar to holding the tobacco industry liable for lung cancer cases or pharmaceutical companies liable for the opioid crisis. The research firm Zero Carbon Analytics counts 68 lawsuits filed globally about climate change damage, with more than half of them in the United States. "We argue that the scientific case for climate liability is closed," wrote the study's authors, Christopher Callahan, who received his PhD from Dartmouth College, and Justin Mankin, a Dartmouth Department of Geography professor. 5 top emitting companies About a third of the total cost was attributed to five companies, which can be tied to more than $9 trillion in climate damage, according to the study. These are the top-emitting companies and the dollar amount the researchers estimate they a
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XOM
Earnings
- 10/31/25 - Beat
XOM
Sec Filings
- 12/19/25 - Form 4
- 12/18/25 - Form 4
- 12/15/25 - Form 4
- XOM's page on the SEC website