New Make Polluters Pay report - Global Witness

[Dominic Eagleton]

* With apologies for cross-posting! *

Dear all,

Last week, Global Witness published an investigation into the climate damages cost of EU-based oil & gas companies' production since the Paris Agreement - an estimated €1.5 trillion.

The report calls for a permanent EU-wide surtax on the fossil fuel industry, & for a strong UN Tax Convention, to fund climate action.

Full report: Taxing fossil fuel companies for a fairer, greener Europe

Coverage in BusinessGreen (paywall): EU oil and gas firms projected to cause at least €1.5tr in global climate damages

The costs are broken down for the top five EU 'damagers':

We also found that EU-based oil companies are projected to spend €124 billion on opening & maintaining new oil & gas extraction projects over the next ten years:

I've you've any questions about the report, please don't hesitate to get in contact.

Best wishes,

Dominic

 

Dominic Eagleton he/him ​​​​ Senior Campaigner Tel: +44 7738 713 016 Email: deag...@globalwitness.org Please note I work Monday to Thursday only.

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