Make Big Oil Pay: The Global Movement to Hold Fossil Fuel Giants Accountable

LONDON, PALPRES.COM – As London Climate Action Week unfolded against the backdrop of one of the UK’s most extreme heatwaves, journalists, frontline voices, and campaigners gathered for a landmark Make Polluters Pay event.

The gathering highlighted the rapidly growing political, legal, and public momentum aimed at holding fossil fuel companies accountable for global climate damage.

Hosted by 350.org and Stamp out Poverty—and chaired by Megan Rowling of Climate Home News—the event brought together global speakers to examine how accountability for Big Oil is moving from the margins to the mainstream.

As climate disasters intensify and energy prices remain volatile, public anger at fossil fuel profiteering is rising.

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The discussion highlighted how windfall taxes, closing tax loopholes, and a wave of climate litigation are beginning to challenge the power of oil, gas, and coal companies, with billions of dollars already at stake.

According to 350’s recent Out of Pocket report, the financial imbalance is stark: approximately $12 trillion a year flows to the fossil fuel industry in subsidies, tax breaks, and unpaid climate damages.

This massive figure is nearly 100 times the world's total climate finance.

"The conversation has shifted," said Harjeet Singh of the Fossil Fuel Non-Proliferation Treaty Initiative.

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"We can clearly see how an economy dependent on fossil fuels is wrecking the world. At the same time, fossil fuel companies continue to make staggering profits while claiming there is no money available to address climate impacts. These polluters are responsible, and they need to pay."

The crisis also heavily impacts systemic equity. Laurel Kivuyo from Climate Hub Tanzania emphasized the human cost, particularly on vulnerable groups.

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