Cost of emissions from five major Australian resource companies more than $900bn, study finds

US researchers link BHP, Rio Tinto, Santos, Whitehaven Coal and Woodside Energy to specific climate harms over three decadesAustralian federal election results 2025 LIVE – latest Australia news and updatesGet our breaking news email, free app or daily news podcastFive of Australia’s biggest fossil fuel producers could be on the hook for hundreds of billions of dollars in damages after a US research team developed a method to link individual companies to specific climate harms and put a dollar figure to the impact.This is the result of a new peer-review study published in the journal Nature that sought to establish a method that would allow courts to quantify the economic loss caused by fossil fuel producers for one kind of climate impact – extreme heat.Sign up for the Afternoon Update: Election 2025 email newsletter Continue reading...

May 4, 2025 - 23:25

Cost of emissions from five major Australian resource companies more than $900bn, study finds

US researchers link BHP, Rio Tinto, Santos, Whitehaven Coal and Woodside Energy to specific climate harms over three decades

Five of Australia’s biggest fossil fuel producers could be on the hook for hundreds of billions of dollars in damages after a US research team developed a method to link individual companies to specific climate harms and put a dollar figure to the impact.

This is the result of a new peer-review study published in the journal Nature that sought to establish a method that would allow courts to quantify the economic loss caused by fossil fuel producers for one kind of climate impact – extreme heat.

Sign up for the Afternoon Update: Election 2025 email newsletter Continue reading...