{"id":74239,"date":"2025-04-25T12:33:12","date_gmt":"2025-04-25T10:33:12","guid":{"rendered":"https:\/\/www.greenpeace.org\/international\/?p=74239"},"modified":"2025-06-18T10:45:27","modified_gmt":"2025-06-18T08:45:27","slug":"a-multi-billion-dollar-question-what-good-can-come-from-taxing-oil-and-gas-corporations-for-climate-damages","status":"publish","type":"post","link":"https:\/\/www.greenpeace.org\/international\/story\/74239\/a-multi-billion-dollar-question-what-good-can-come-from-taxing-oil-and-gas-corporations-for-climate-damages\/","title":{"rendered":"A multi-billion dollar question: What good can come from taxing oil and gas corporations for climate damages?"},"content":{"rendered":"\n
\"Heat
At the World War II Memorial in Washington DC, people stay cool by dipping their feet in the water of the fountain.
\u00a9 Livia Ferguson \/ Greenpeace<\/div><\/figcaption><\/figure>\n\n

As storms, floods, fires, and droughts are hitting us more frequently and with greater intensity around the world, the costs of the climate crisis are going up significantly. Bold taxes or fines on oil and gas corporations would help to raise vital revenues which should be used to ensure that communities are given the support they need to recover, rebuild and invest in climate solutions. <\/p>\n\n

Between 2000 and 2019, the profits of the fossil fuel industry amounted to US$31.315 trillion.<\/a> This equates to about US$4.3 billion per day! This is just one snapshot of the amount of money that could be reclaimed to support climate-impacted communities – but only if governments have the bravery to seize some of the huge opportunities<\/a> this year to make polluters pay. <\/p>\n

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A post shared by Greenpeace UK (@greenpeaceuk)<\/a><\/p>\n<\/div>\n<\/blockquote>\n