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Oil Majors Could Pay Trillions in ‘Loss and Damage’ 

New research on the environmental damage of the fossil fuel industry leaves “no doubt” that developed nations must financially assist climate-vulnerable countries. 

Oil and gas majors could have paid for the social and environmental damages of their emissions over 33 years, and still have made US$10 trillion in profit over that period, according to new research from Berlin-based NGO Climate Analytics.   The findings come as the ‘loss and damage’ debate intensifies…

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