The Fossil Fuel Industry's Profits Must Pay for Climate Damage

The cost of climate crisis is escalating, with storms, floods, fires, and droughts hitting communities more frequently and intensely worldwide.

The fossil fuel industry has made a staggering $31.315 trillion over the last 20 years, averaging $4.3 billion per day.

Revenue from climate taxes and fines could support climate-impacted communities and protect citizens from growing climate costs.

A levy on fossil fuel extraction could raise $900 billion by 2030, and a $5 per tonne CO2-equivalent tax on TotalEnergies could cover Kenya's 2024 floods 30 times over.

Investing in climate resilience could provide emergency support, tackle rising food prices, reduce energy bills, and prevent heat-related illnesses.

Taxing and fining oil and gas companies more for climate destruction benefits everyone and ensures those impacted by climate change receive the support they need.

Climate justice requires that the people most impacted by climate change, living in poverty and least responsible for causing the crisis, receive support.

Climate loss and damages in lower-income countries are estimated to cost upwards of $388 billion per year, with wealthy nations' support covering less than 0.2%.

Joining the Polluters Pay Pact supports a safe and fair future for all by making fossil fuel companies pay for their role in the climate crisis.

Climate taxes and fines could provide significant funding for climate resilience initiatives, with an estimated cost of climate damage to the global economy by 2050 at $38 trillion a year.