UK Oil and Gas Industry ‘Responsible for £44bn of Damage Each Year’

Of course they are…!?!

UK Oil and Gas Industry ‘Responsible for £44bn of Damage Each Year’

The UK’s oil and gas sector is causing £44bn worth of costs through environmental damage, negative social impacts and healthcare spending, a new Friends of the Earth (FotE) report has concluded.

Entitled ‘make the polluter pay’, the 42-page document states that the “social cost of carbon emissions” from the sector have reached £1.65trn since 1990 – a figure which accounts for the environmental harm done at all stages of production and use, as well as the health effects of long-term “cumulative” exposure to pollutants.

To reach this figure, the green campaign group placed the average social cost of carbon over the past 28 years at £122 per tonne. This figure, FotE claims, is “almost certainly conservative” in light of recent studies such as the Intergovernmental Panel on Climate Change’s (IPCC) landmark report and the International Energy Agency’s (IEA) latest global emissions forecast.

e. fudd