History-making profits. World-ending emissions. The latest data on global energy profits, emissions and CEO pay in one place.
Joined August 2023
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2️⃣ Yet even as climate disasters escalate, the world’s top polluters are backpedaling on clean energy and embracing Trump’s “drill, baby, drill” fossil fuel agenda.
3️⃣ While #BigOil doubles down on fossil fuels to protect its profits, US states are fighting back, with 1 in 5 now taking the industry to court in a push to hold it financially accountable for fueling the climate crisis.
swissre.com/institute/resear…
A new paper published Nature reveals a crucial advancement in the #climateliability space — an analytics tool that quantifies the climate damage caused by the world’s biggest emitters.
bloomberg.com/news/articles/…
As instability grows under the pro-fossil Trump presidency and fear mounts over the future of climate policy, the oil industry is counting on him to quash the growing wave of climate lawsuits.
#MakePollutersPay | #ClimateLitigation
wsj.com/business/energy-oil/…
As disasters like #CycloneAlfred intensify across the 🌎, one question looms: Who will pay the price?
While #BigOil cashes in on Trump’s fossil-fueled agenda, prioritising profits over climate pledges, the cost is borne by communities on the frontlines.
smh.com.au/environment/clima…
1️⃣ In February, California reintroduced the #MakePollutersPay Climate Superfund Act, championed by Sen. Caroline Menjivar and Asm. Dawn Addis. This bill would require fossil fuel companies to pay for climate damages based on their historical emissions.
2️⃣ Its revival comes in the wake of one of Southern California’s most destructive wildfires. A @WWAttribution study found that climate change made the conditions fueling the LA fires 35% more likely.
3️⃣ California now joins Vermont and New York in a growing movement for climate accountability, pushing to hold #BigOil responsible for its role in the crisis. ⬇️
eenews.net/articles/bill-to-…
1️⃣ The state of #California is considering a bill that would allow victims of climate-related natural disasters the private right of action to sue fossil fuel companies for damages.
2️⃣ The proposal claims #BigOil misled the public on climate risks, worsening impacts and causing billions in damages. In 2023, records found that major oil company @exxonmobil had predicted global warming risks decades ago.
3️⃣ “We are all paying for these disasters, but there is one stakeholder that is not paying: the fossil fuel industry, which makes the product that is fueling climate change,” said the bill’s author, state Sen. Scott Wiener.
apnews.com/article/californi…
1️⃣The @FinStbBoard has warned that the intensifying impacts of climate change pose a growing threat to global financial markets.
3️⃣ 2024 was the hottest year on record, the first time global temperatures surpassed the 1.5°C threshold. As emissions rise, with fossil fuels responsible for 75% of global GHG emissions, communities remain increasingly exposed to rising climate impacts.
4️⃣ While #BigOil continues to rake in record profits, causing rising emissions and intensifying climate disasters, those hardest hit by the crisis continue to endure the ripple effects of the insecurity driven by the fossil fuel industry.
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1️⃣ "Who should pay for the costliest wildfires in American history?" @nytimes argues that Big Oil has received little scrutiny for its role in exacerbating the climate crisis.
3️⃣ Major oil and gas companies have known for decades that burning fossil fuels "will cause dramatic environmental effects" in the coming decades, with @exxonmobil scientists predicting global warming impacts as early as the 1970s.
4️⃣ While #BigOil continues to rake in billions, misleading the public about their affect on climate, communities stand on the front lines, paying the price of this crisis.
nytimes.com/2025/01/22/opini…
