A new study from Climate Analytics estimates that the 25 biggest oil companies caused $20 trillion in climate damages from 1985-2018, while making $30 trillion in profits. This study notes that oil giants could have paid for emissions and still earned trillions.
Yahoo Finance’s Ines Ferré breaks down this new study and trends in U.S. crude inventory overall.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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November 17, 2023 at 12:32AM
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Oil majors made $30T, caused $20T in climate damage: Study - Yahoo Finance
"Oil" - Google News
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