BP, Eni, Repsol, Shell, and TotalEnergies have paid back just 5% of the €13 trillion in societal and environmental debt. / Europe’s five biggest oil majors pocketed €47 billion – mostly in profit for shareholders and management – in 2021 taking their total profits to €850 billion since 1993, a new study into Big Oil’s unpaid societal and environmental debt shows. The study, carried out by Profundo on behalf of T&E, shows that BP, Eni, Repsol, Shell and TotalEnergies are responsible for huge societal costs through pollution, deteriorating public health and carbon emissions, totalling a whopping €13 trillion. They have paid back a mere 5% of this in corporate taxes, the study reveals, leaving a mountain of unpaid costs at the door of society. With fuel prices at record highs and consumers facing a cost of living crisis, now is the time for the oil companies to pay back, says T&E. (....)