EMEA > Europe > Emissions from EU-based oil majors estimated to cause €1.5 trillion in climate damages worldwide, says non-profit

Emissions from EU-based oil majors estimated to cause €1.5 trillion in climate damages worldwide, says non-profit

Published 12:32 on June 17, 2026 / Last updated at 12:32 on June 17, 2026 / / EMEA (Europe), Net Zero Transition (Transport & Heating Fuels)

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The emissions from oil and gas produced by EU-based companies since the 2015 Paris Agreement are set to cause an estimated €1.5 trillion in climate damages worldwide, with three oil majors alone responsible for over two-thirds of that total, according to analysis by an environmental campaign group.
The emissions from oil and gas produced by EU-based companies since the 2015 Paris Agreement are set to cause an estimated €1.5 trillion in climate damages worldwide, with three oil majors alone responsible for over two-thirds of that total, according to analysis by an environmental campaign group.


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