Oil and Gas Sponsorship of Global Sports Hits $5.6 Billion, Report Finds
www.desmog.com
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); […]
  • enkers@sh.itjust.works
    2·
    2 months ago

    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.

  • MrMakabar@slrpnk.netEnglish
    2·
    2 months ago

    Only? The Saudis own Manchester City, Qatar owns PSG. The Saudis paid Ronaldo half a billion to play in the Saudi league and he is not the only one with an insane contract. Never mind Qatar building a bunch of stadia just to host the world cup and the Saudis paying FIFA to make them host in 2034 by making Spain, Portugal, Morroco, Argentina, Paraguay and Uruguay hosts of the 2030 world cup.