Just 100 Corporations Responsible For 71% Of Global Greenhouse Emissions

Exxon Mobil's Billings Refinery in Billings, Mont. (AP/Matthew Brown)

Exxon Mobil’s Billings Refinery in Billings, Mont. (AP/Matthew Brown)

The world as we know it is changing– dramatically and permanently. Several common species of animals are approaching extinction, along with various plants, and the homogenization of crops could incite a global food scarcity. Day to day human activities are a contributor, but there are 100 businesses that really take the cake in carbon emission.

The Carbon Disclosure Project (CDP), in collaboration with the Climate Accountability Institute, published an article called “The Carbon Majors Database: CDP Carbon Majors Report 2017”, which evaluates the greenhouse emissions fossil fuel manufacturers. The study names 100 companies responsible for over 70% of the world’s carbon emissions.

Since 1988, 25 fossil fuel producers have caused over half of global emissions. Among these are Shell, ExxonMobil, Chevron and BP, along with the state-owned Aramco, National Iranian Oil, Coal India and Pemex.

Pedro Faria, Technical Director said in another report released by the CDP earlier this month, “This ground-breaking report pinpoints how a relatively small set of just 100 fossil fuel producers may hold the key to systemic change on carbon emissions”.

The study also explains fossil fuel companies need to “plan their future” and pursue emission reduction targets through the Science Based Targets initiative. The study claims, “They owe it to the millions of clients they serve who are already feeling the effects of climate change, to consumers and investors, and to the many millions more that require energy for the comfort of their daily lives but are looking for alternatives to their products”.

In the light of present circumstances, and considering original Paris Agreement goals, it is necessary to hold major companies accountable. “If the trend in fossil fuel extraction continues over the next 28 years as it has […] then global average temperatures would be on course to rise around 4ºC above preindustrial levels by the end of the century,” says the report.


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This BBSNews article was syndicated from MintPress News, and written by Amelia Kinney. Read the original article here.