Oil and gas giants eye bigger profits as their emissions worsen heatwaves

Oil and gas companies report $40 billion (and counting) in excess profits

The post Oil and gas companies report $40 billion (and counting) in excess profits appeared first on League of Conservation Voters.

Big Oil Giant BP Banks Blockbuster Profits as Climate Disasters Strike Across the Globe

As communities across the world endure record-breaking heatwaves, wildfires and rising living costs, the world’s biggest oil and gas companies have confirmed another blockbuster quarter of profits. The Make Polluters Pay coalition says the timing exposes the true cost of delaying the end of the fossil fuel era, and is calling on governments meeting in New York this month to seize a historic opportunity to make the polluters pay.This summer’s ext…

Oil and gas giants eye bigger profits as their emissions worsen heatwaves

Big Oil is set to pocket $45 billion in profits in the April-June quarter, even as new analysis links the historical emissions of major oil giants to conditions behind roughly one in four global heatwaves since 2000. As temperatures soar and profits surge, experts weigh who should bear the cost of a warming planet.

Republicans are trying to give big oil immunity for causing climate chaos

A new report further links fossil fuel emissions to extreme weather events. Now, as the links become clearer, oil and gas lobbyists are scrambling to shield the industry from a wave of lawsuits and state laws seeking to hold profiteers accountable.

Methane leaks, climate‑driven heatwaves cost South Korea at least $3.5 bln a year -report « Carbon Pulse

South Korea loses at least $3.51 billion in economic value every year as a result of methane wastage linked to fossil fuel production and importation as well as climate change-exacerbated heatwaves, a report estimated.