#coporations — Public Fediverse posts

Study reveals how much carbon damage would cost corporations if they paid for their emissions

"The world’s corporations produce so much climate change pollution, it could eat up about 44% o f t h e i r p r o f i t s if they had to pay damages for it, according to a study by economists of nearly 15,000 public companies."

The “corporate carbon damages” from those publicly owned companies analyzed — a fraction of all the corporations — probably runs in the trillions of dollars globally and in the hundreds of billions for American firms, one of the study authors estimated in figures that were not part of the published research. That’s based on the cost of carbon dioxide pollution that the United States government has proposed."
https://epic.uchicago.edu/news/study-reveals-how-much-carbon-damage-would-cost-corporations-if-they-paid-for-their-emissions/

“We need to stop burning fossil fuels. Now. Not some time when we’ve allowed companies to make all the money they possibly can.” Dr Friederike Otto at Imperial College London.

https://theguardian.com/environment/2023/aug/28/dramatic-climate-action-needed-curtail-extreme-weather
#carbon #emissions #climate #FossilFuels #pollution #CarbonLiteracy #LossAndDamages #coporations #profit #NSW #LoggingIndustry