The world's biggest companies have caused $28 trillion in climate damage, a new study estimates [Yahoo! Finance Canada]
Exxon Mobil Corporation (XOM)
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Source: Yahoo! Finance Canada
A Dartmouth College research team came up with the estimated pollution caused by 111 companies, with more than half of the total dollar figure coming from 10 fossil fuel providers : Saudi Aramco, Gazprom, Chevron, ExxonMobil, BP, Shell, National Iranian Oil Co., Pemex, Coal India and the British Coal Corporation. For comparison, $28 trillion is a shade less than the sum of all goods and services produced in the United States last year. At the top of the list, Saudi Aramco and Gazprom have each caused a bit more than $2 trillion in heat damage over the decades, the team calculated in a study published in Wednesday's journal Nature. The researchers figured that every 1% of greenhouse gas put into the atmosphere since 1990 has caused $502 billion in damage from heat alone, which doesn't include the costs incurred by other extreme weather such as hurricanes, droughts and floods. People talk about making polluters pay, and sometimes even take them to court or pass laws meant to rein
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