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Earth The Almighty Buck Science

Scientists Say They Can Calculate the Cost of Oil Giants' Role In Global Warming (washingtonpost.com) 159

An anonymous reader quotes a report from the Washington Post: Oil and gas companies are facing hundreds of lawsuits around the world testing whether they can be held responsible for their role in causing climate change. Now, two scientists say they've built a tool that can calculate how much damage each company's planet-warming pollution has caused -- and how much money they could be forced to pay if they're successfully sued. Collectively, greenhouse emissions from 111 fossil fuel companies caused the world $28 trillion in damage from extreme heat from 1991 to 2020, according to a paper published Wednesday in Nature. The new analysis could fuel an emerging legal fight.The authors, Dartmouth associate professor Justin Mankin and Chris Callahan, a postdoctoral researcher at Stanford University, say their model can determine a specific company's share of responsibility over any time period. [...]

Callahan and Mankin's work combines all of these steps -- estimating a company's historical emissions, figuring out how much those emissions contributed to climate change and calculating how much economic damage climate change has caused -- into one "end-to-end" model that links one polluter's emissions to a dollar amount of economic damage from extreme heat. By their calculation, Saudi Aramco is on the hook for $2.05 trillion in economic losses from extreme heat from 1991 to 2020. Russia's Gazprom is responsible for $2 trillion, Chevron for $1.98 trillion, ExxonMobil for $1.91 trillion and BP for $1.45 trillion. Industry groups and companies tend to object to the methodologies of attribution science. They could seek to contest the assumptions that went into each step of Mankin and Callahan's model.

Indeed, every step in that process introduces some room for error, and stringing together all of those steps compounds the uncertainty in the model, according to Delta Merner, lead scientist at theScience Hub for Climate Litigation, which connects scientists and lawyers bringing climate lawsuits. She also mentioned that the researchers relied on a commonly used but simplified climate model known as the Finite Amplitude Impulse Response (FAIR) model. "It is robust for the purpose of what the study is doing," Merner said, "but these models do make assumptions about climate sensitivity, about carbon cycle behavior, energy balance, and all of the simplifications in there do introduce some uncertainty." The exact dollar figures in the paper aren't intended as gospel. But outside scientists said Mankin and Callahan use well-established, peer-reviewed datasets and climate models for every step in their process, and they are transparent about the uncertainty in the numbers.

Scientists Say They Can Calculate the Cost of Oil Giants' Role In Global Warming

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  • Wait (Score:4, Informative)

    by commodore73 ( 967172 ) on Thursday April 24, 2025 @09:07AM (#65327471)
    Isn't consumption the problem, rather than production? As far as I can tell, basically all human systems across the globe now depend on oil. Doesn't that make us all complicit? And there is no way these oil companies will pay anything without passing that content on to the consumer. We're not going to get off oil, IMHO. Isn't it the most financially valuable resource on the planet (excluding real estate - maybe)? With water as the actual most valuable resource?
    • The main role (Score:5, Informative)

      by Geoffrey.landis ( 926948 ) on Thursday April 24, 2025 @09:21AM (#65327513) Homepage

      The main role of oil companies in global warming has been that they had set up a large and well-funded campaign to dismiss or discredit climate science, using lessons learned from the campaign by the tobacco industry decades earlier to attack the science showing the health effects of smoking. It's important to remember that the oil companies are not mere billion-dollar industries; they are a multi-trillion dollar industry, and even small changes in oil consumption represents billions and billions of dollars.

      The worse problem here is that the campaign to attack the science has bled over into other areas; science denial is rampant in our society, from flat-Earthers to moon-landing deniers to pretty much all of modern science.

      • If you put massive fines on the oil companies you need to be prepared for their obvious response. Because if you massively fine them for selling oil products the first thing they are going to do is stop selling those oil products into whatever state or country which enacts those fines. It only make sense, if you are incurring massive fines the very first thing you should do is to stop accruing even more fines from continued shipment.

        This will stop the release of carbon in those countries and states, but you

        • They won't stop selling. Their obvious response is to bribe politicians, just like they always have. Why lose billions in sales when stuffing a few pockets with a million or two will do the trick.

        • Stopping release in one country wouldn't stop that country from experiencing the result. It's the "prisoner's dilemma" that results in basically a race to the bottom. I am not denying climate science or saying we should do nothing. I just don't see a solution, especially without reductions in lifestyle, which is actually improving (until 2025 maybe). Asia is big too, and most of the people are even less informed on these issues than in the USA. They really don't have any choice anyway.
        • by AmiMoJo ( 196126 )

          The oil companies can try crippling nation states if they want to, but I suspect that they will find the consequences rather severe.

          The best way to do it would be some hefty fines now and a new tax regime that strongly encourages profits to be invested in reducing reliance on oil. The oil companies can then choose - no profits, or they invest in profitable alternatives and secure their futures.

        • >> the first thing they are going to do is stop selling those oil products

          More than 65% of oil is used for transportation fuel, and that can largely be eliminated with electric vehicles. And then there's methane, which the oil companies routinely flare or dump into the atmosphere.

          • More than 65% of oil is used for transportation fuel, and that can largely be eliminated with electric vehicles.

            How many people believe that bullshit any more?

            Even if that were true we won't have the capacity to replace every vehicle with an electric equivalent for 30 years. You want to dispute that? Okay, break down for everyone reading where the materials required for these vehicles will be mined from, how soon those mines can be opened, and some kind of estimates on cost. Maybe we could get to all electric vehicles in 30 years or less if cost was not a factor but cost is a factor.

            And then there's methane, which the oil companies routinely flare or dump into the atmosphere.

            A lot less of that would happen

      • The main role of oil companies in global warming has been that they had set up a large and well-funded campaign to dismiss or discredit climate science

        Are we not supposed to hear all sides of the argument and make up our own minds? It sounds like you're doing exactly what you're accusing the other side of, trying to suppress people from hearing arguments. If they're not afraid of the shakiness of their position, why not put all the information out there and let people decide? We'll be able to settle it for ourselves in our own minds hearing the full set of facts, not a cherry picked argument from one side.

    • Isn't consumption the problem, rather than production? As far as I can tell, basically all human systems across the globe now depend on oil. Doesn't that make us all complicit?

      Yes, came here to post this. It's a bit disingenuous to say that the oil companies are "responsible" for the environmental damage. And it's absurd to suggest that they might now be "sued" for that damage. It's as though I decided to sue In-N-Out Burger for giving me a dad bod. They made a legal product, and they sold it to me in a manner that was legal (and, in fact, heavily regulated and taxed). And, frankly, I did have some idea of the consequences when I ate that double cheeseburger; I'm not an idio

      • Elections are right around the corner, people. You can flip some seats in 2026 if you really want to; the Republicans have never been more unpopular, and they've never been more vulnerable. But you have to start now.
        You know who is even less popular than the Republicans? The Democrats!
        And that means you have to stop advocating for extreme and illogical positions which violate common sense.
        That's like asking a fish to not swim. The totalitarian streak in the left requires extreme and illogical positions
    • by msauve ( 701917 )
      >Isn't consumption the problem, rather than production?

      You'd think. I went looking for their methodology, but everything's behind paywalls. Are they calculating only the contribution from extraction, refining, etc., or are they also including the contribution from end users of their product?
      • Good point. Did you see that recent video of the ocean (I think near Mexico...err, New South Trumpland) "on fire"? And I've heard that flaring is unnecessary, but there is a cost to containment.
    • by necro81 ( 917438 )

      Isn't consumption the problem, rather than production?

      Keep in mind: oil/gas producers also are enormous consumers of the same energy, and there are lots of emissions from their operations. Drill rigs, pump jacks, refineries, pipelines, and tankers aren't powered by pixie dust. Depending on whose numbers, which fuel, and what country you're talking about, each unit of fossil fuel energy takes 0.02 to 0.50 units of energy to produce. Gas wells and pipelines leak methane. Gas flaring is not benign. Oil

    • by mspohr ( 589790 )

      Yes, consumption generates the pollution and the producers are just doing what makes them money.

      However, we shouldn't blame consumers when:
      Most of the time they don't have a choice to not burn fossils.
      EVs are cheaper to run but more expensive to build and the fossil industry has spent billions on buying politicians to keep EVs out of the hands of consumers. Same with heating your house (fossil NG vs. heat pumps).
      Same with the electricity you buy (barriers to wind and solar PV vs electric utility lobbyists).

      • I am fortunate that I have been able to afford solar PV and an EV and install heat pumps in my house and office building so that now I have free or very low cost energy to run things but it has been difficult to navigate the building department, complex rules, utility barriers and meager incentives. Most people don't have the ability, time and finances to navigate these hurdles so are stuck buying expensive fossils.

        For some definition of fortunate I suppose.

        https://www.washingtonpost.com... [washingtonpost.com]

        • by mspohr ( 589790 )

          Unfortunately the FUD article is behind a paywall so I'll just ignore the FUD.
          My experience is a dramatic reduction in my energy cost. It's mostly free now that it has earned back its initial cost.

  • It's lower than China's coal usage
    • Citation? But likely true. I saw a global emissions visualization once. China was an absolute disaster. And that was probably a decade ago. But again, who gets those goods? Who chooses to conduct those trades? Because money, and people really benefit from cheap manufactured goods. They also often buy things they don't need and are otherwise wasteful. Again, consumption is the problem.
  • "theScience Hub for Climate Litigation"
  • by nightflameauto ( 6607976 ) on Thursday April 24, 2025 @09:58AM (#65327591)

    We're so fixated on finding someone to blame that we're going to just keep doing the same shit until we literally make our only habitat unlivable for ourselves, while tossing around lawsuits trying to blame our suppliers for daring to give us what we all use. Not that I think oil companies are innocent snowflakes, but this is a society problem, and it's going to take society changing to fix it. Pointing fingers doesn't accomplish anything other than shuffling funds from one bank account to another, while lawyers soak up the fees in the transaction. How is that doing any good for anyone? Especially while so many of us are still depending on oil to survive and live?

    • Not that I think oil companies are innocent snowflakes, but this is a society problem, and it's going to take society changing to fix it.

      And oil companies are outside society, right?

      Right?

      Pointing fingers doesn't accomplish anything other than shuffling funds from one bank account to another

      Yeah! Let's never figure out who is to blame, so we can never hold them accountable, and never change anything!

      • Not that I think oil companies are innocent snowflakes, but this is a society problem, and it's going to take society changing to fix it.

        And oil companies are outside society, right?

        Right?

        Pointing fingers doesn't accomplish anything other than shuffling funds from one bank account to another

        Yeah! Let's never figure out who is to blame, so we can never hold them accountable, and never change anything!

        We're all to blame. We all know it's crap, and we're all trapped inside this bubble that forces us to use the crap that's killing us or drop out and live in a cabin in the woods. Spending so much effort on blame-games without any attempt to change behavior is a bullshit game that distracts from making progress toward solutions. Changing *SHOULD* be the priority, but suing everybody in sight doesn't change anything. It just shuffles money around. Which, I get, is priority number one in the age of Greed as Go

    • >> so many of us are still depending on oil to survive and live?

      What makes you think that's the case? Most oil gets burned into the atmosphere as transportation fuel, and that obviously can be replaced by electric vehicles.

      • >> so many of us are still depending on oil to survive and live?

        What makes you think that's the case? Most oil gets burned into the atmosphere as transportation fuel, and that obviously can be replaced by electric vehicles.

        I live in bumfuck SoDak. I depend on oil to survive. If someone wants to point me to the vehicle I can buy for under 10k today that is electric and will replace my gas guzzler, and actually fit my ape-sized body, great. I'd be all for it. Though I'm normally stuck buying used, and rarely have an extra big chunk of change to also buy a battery after buying a new car when the old one finally dies.

  • by bradley13 ( 1118935 ) on Thursday April 24, 2025 @10:05AM (#65327611) Homepage

    Even if they can make such a calculation - which is complete nonsense - it is irrelevant. Extracting and using oil is not in any way illegal, nor has it ever been. Oil products can be, and often are, subject to taxes. However, you cannot make taxes retroactive. So even if you could say that a liter of oil cause $xx in costs, you cannot go back in time to collect that.

    But you cannot perform such a calculation anyway! There are far, far too many arbitrary assumptions that you have to make.Aside from the climate hysterics, there is a lot of debate as to the amount of warming caused by CO2, and the extent to which this effect may have already effectively reached saturation. It is in any case a curve where the early increases had a lot more effect than later increases.

    Then you have the question of the costs. What costs are those, exactly? Sea levels were already rising, now they rise about 1mm/year faster. Far more significant is the subsidence in coastal cities. New York, for example, is sinking at a rate somewhere between 2mm to 4mm per year. What measures will New York take over the next few decades? No one knows. What will they costs? No idea. What portion of those unknown costs do you assign to CO2? Assumptions built on wild guesses built on fantasies.

  • Seems to me like CVX and XOM are Strong Buys.Thanks for the stock tip.
  • I'll be checking their economic model for the benefit I've received due to lower heating bills. If I don't find it' I'll assume that the rest of their model is broken as well.

  • This is why capital-S Science is taking a catastrophic reputation hit in the US right now.

    The choice to ascribe the blame for emissions to producers rather than consumers of petrochemical fuels is not a scientific one. It is a purely subjective political decision. Calling it scientific is a flat out lie. Period.

    Liars see their reputations tarnished. Rightfully so. It serves no one to enlist all of the scientific enterprise in the service of this lie and see its collective reputation also tarnished.

  • And they know it.

  • This is really dumb. I farted since this was calculated now its all off. How many more kids will get asthma now that I passed gas?

    Inquiring minds want to know.

  • The earth system is the most complex thing. And science only began to seriously study climate in the late 60's. To say they have more than a basic grasp of things is pretty much arrogance.
  • All this retroactive blaming aside, we haven't been operating in an informational vacuum for some time. Placing blame on others is fun and all, I know...

    How about we publicly shame and financially punish:

    - those who uses generative AI to make a hundred variations of a shitty album cover for music nobody will buy
    - those who drive to the grocery store to get one or two items
    - anybody buying a $250 or higher graphics card (yes, an arbitrary number, but you need to start somewhere)
    - anybody leaving computers of

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