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Big Carbon’s Big Liability

A new and potentially potent weapon is being unleashed in the climate wars. Yesterday, three major international environmental organizations warned the corporate executives of some of the largest fossil fuel companies that they could be personally liable for damages for funding climate change denialists and working against efforts to slow climate change. The notice came in the form of a letter, signed by Greenpeace, the World Wildlife Fund and the Center for International Environmental Law, that was sent to the directors and officers of thirty-two of the “carbon majors”—the ninety companies that a recent groundbreaking study (see “Paying the Price,” The Nation, May 12, 2014) demonstrated may be responsible for some two-thirds of the world’s greenhouse gas emissions. Forty-four of the insurance companies that underwrite the carbon majors also received letters.

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On Sept 19, 2023 ahead of the Climate Ambition Summit in New York City, climate activists gathered for a rally and civil disobedience outside Bank of America Tower in Midtown Manhattan as part of the March to End Fossil Fuels wave of actions resulting in multiple arrests. Activists demand Bank of America to “Defund Climate Chaos and Defend Human Rights” Photo: Erik McGregor (CC BY-NC 2.0 Deed)

Let’s Save Each Other

Let’s Save Each Other

Illustration by Stephanie McMillan. Used with permission