Climate change is one of the most significant challenges facing our world today, and it has far-reaching consequences for both the environment and the economy. While most of the world population is adversely affected by climate change, some industries in some countries end up benefiting from the warming climate—a complexity often ignored in climate justice. In this article, Kian Mintz-Woo and Justin Leroux tackle the complex issue of what climate winners owe to climate losers.