EnergyWatch

Experts estimate Harvey's damage at USD 42 billion

Hurricane Harvey –  a tropical storm which has struck Texas – could prove one of the costliest storms in US history, and could break records for expenses depending on the damage to the energy sector.

Photo: /ritzau/David J. Phillip

When the damage bill from major storm Harvey is tallied up in the US state of Texas, it could be one of the biggest in US history.

The total figure is estimated to run up to USD 42 billion, significantly more than an earlier USD 30 billion estimate, according to US analyst firm Enki Research.

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