Correlations | Oil & Gas vs. Wind & Water

Evan Applegate

A vulnerable region

GRAPHIC BY BLOOMBERG BUSINESSWEEK. DATA: ENTERGY, U.S. DEPT. OF ENERGY, U.S. ENERGY INFORMATION ADMINISTRATION

A quarter of the U.S.’s offshore oil production, a third of its natural gas processors, and 40 percent of its oil refining capacity are spread across the Texas-Louisiana-Mississippi coast. This dense infrastructure of rigs, pipelines, and refineries is worth $850 billion. It lies squarely in the path of hurricanes — whose number and intensity are boosted by climate change — and close enough to shore to be inundated by rising seas. Consulting firm Entergy estimates that climate-related damage to these structures could reach $18 billion annually by 2030.

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