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Friday, October 12th, 2018

Just 100 companies responsible for 71% of global emissions, study says

Author:     Tess Riley
Source:     The Guardian (U.K.)
Publication Date:     Mon 10 Jul 2017 01.26 EDT
 Link: Just 100 companies responsible for 71% of global emissions, study says
Stephan:   One hundred corporations are responsible for 71% of global emissions. Think about that. Of the millions of corporations in the world 100 are responsible for the situation which we are now being told will reach its tipping point in 12 years. In a world organized on survival -- a far place from wellbeing -- and not just profit, the solution to this bizarre situation would be obvious. But we don't live in that world and so my guess is we won't get what needs to be done completed in the next 12 years. So most of my readers are going to live in a world where Panama City or Florence will be commonplace. How are you going to feel when everything you have worked for your entire life disappears in an hour, assuming you, yourself, survive your locale's catastrophe? You better be thinking about that when you go into the voting booth on 6 November.

An oil rig exploring for oil and gas. A new report says more than 50% of global industrial emissions since 1988 can be traced to just 25 companies.
Credit: Dazman/Getty /iStockphoto

Just 100 companies have been the source of more than 70% of the world’s greenhouse gas emissions since 1988, according to a new report.

The Carbon Majors Report (pdf) “pinpoints how a relatively small set of fossil fuel producers may hold the key to systemic change on carbon emissions,” says Pedro Faria, technical director at environmental non-profit CDP, which published the report in collaboration with the Climate Accountability Institute.

Traditionally, large scale greenhouse gas emissions data is collected at a national level but this report focuses on fossil fuel producers. Compiled from a database of publicly available emissions figures, it is intended as the first in a series of publications to highlight the role companies and their investors could play in tackling climate change.

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