Only 57 companies produced 80 percent of global carbon dioxide

Last year was the hottest year on record and the Earth is heading for 2.7 degrees of global warming, but the top fossil fuel and cement producers are ignoring it. climate change and actively makes things worse. New Carbon Majors Database report It found that just 57 companies were responsible for 80 percent of global carbon dioxide emissions between 2016 and 2022. In this period, 38 percent of the total emissions were shared by nation states, 37 percent by state enterprises, and 25 percent by investors. owned by companies.

About 200 parties have adopted it 2015 Paris Agreement, a commitment to reduce greenhouse gas emissions. However, 58 of the 100 state- and investor-owned companies in the Carbon Majors Database have increased production since then (the Climate Accountability Institute launched Carbon Majors in 2013). fossil fuel producers is responsible and managed by InfluenceMap). This figure represents manufacturers worldwide, including 87 percent of those evaluated in Asia, 57 percent in Europe and 43 percent in North America.

This is not a clear case where everything turns slowly. The International Energy Agency coal consumption rose eight percent in seven years to 8.3 billion tons, a record high. The report names state-owned Coal India as one of the top three carbon dioxide producers. Russian state energy company Gazprom and state oil company Saudi Aramco rounded out the top three worst offenders.

Exxon Mobil US companies lead the list, accounting for 1.4 percent of global carbon dioxide emissions. “These companies have made billions of dollars in profit by denying the problem, delaying and blocking climate policy. They spend millions on advertising campaigns about being part of a sustainable solution, while continuing to invest in more fossil fuel production,” Tzeporah Berman, International Program Director Stand. location and Chairman Fossil Fuel Non-Proliferation Treaty, – the statement said. “These findings highlight that more than ever we need our governments to stand up to these companies, and we need new international cooperation through the Fossil Fuel Treaty to end the expansion of fossil fuels and ensure a truly just transition.”

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