Oil and Gas Sponsorship of Global Sports Hits $5.6 Billion, Report Finds.
Oil and Gas Sponsorship of Global Sports Hits $5.6 Billion, Report Finds
https://www.desmog.com/2024/09/17/oil-and-gas-sponsorship-of-global-sports-hits-5-6-billion-report-finds/
Oil and gas companies are spending an estimated $5.6 billion on sports sponsorships, seeking to extend their social licence to boost production of fossil fuels even as the climate crisis intensifies, according to a new report. Top sports sponsors include Saudi Aramco, the world’s largest oil company ($1.3 billion); British oil major Shell ($469 million); […]
Not to underplay the craziness of this, but I'd assumed from the headline it meant annually, but it's actually current active deals over the period of 2011-2030:
the study highlighted 205 active deals over a period starting in 2011 — with some deals scheduled to last until 2030
Of course that leaves out any future deal that'll be made in the that period.
It definitely would've been nice if they'd given us what they're spending in an average year.