Faded Rose: Climate Change Kicks Big Oil in the Wallet…

03 Environmental Degradation

faded roseLouisiana’s Sinking Coast Is a $100 Billion Nightmare for Big Oil

The state can’t pay, so someone has to. And the water keeps rising.

The oil and gas sector is already losing an average of $14 billion a year to environmental threats to its infrastructure, according to a study by America’s Wetlands Foundation and Entergy Corp. By 2030, those losses could exceed $350 billion.

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Climate Change @ Phi Beta Iota