86 climate lawsuits have been filed against the world’s largest oil, gas, and coal producing corporations – including BP, Chevron, Eni, ExxonMobil, Shell, and TotalEnergies – with two in five cases involving claims for compensation for climate change damages linked to fossil fuels.
These cases heighten the financial and liability risks these corporations and their investors face, as scientists are increasingly able to connect specific extreme weather events with the fossil fuel emissions that drove them. ExxonMobil, Shell, and BP are estimated to be responsible for climate-related costs of at least USD 1 trillion each, a similar value to their profits over the last three decades.
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