November 30, 2020

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

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https://www.theguardian.com/sustainable-business/2017/jul/10/100-fossil-fuel-companies-investors-responsible-71-global-emissions-cdp-study-climate-change

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

2017-07-10 00:00:00, Tess Riley, The Guardian

Content Categorization
/People & Society/Social Issues & Advocacy/Green Living & Environmental Issues
/Business & Industrial/Energy & Utilities/Renewable & Alternative Energy
/Science/Ecology & Environment

Word Count:
762

Words/Sentence:
35

Reading Time:
5.08 min

Reading Quality:
Adept

Readability:
13th to 15th

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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.

The report found that more than half of global industrial emissions since 1988 – the year the Intergovernmental Panel on Climate Change was established – can be traced to just 25 corporate and state-owned entities.

The scale of historical emissions associated with these fossil fuel producers is large enough to have contributed significantly to climate change, according to the report.

ExxonMobil, Shell, BP and Chevron are identified as among the highest emitting investor-owned companies since 1988.

Nearly 100 companies including Apple, Facebook, Google and Ikea have committed to 100% renewable power under the RE100 initiative.

If fossil fuels continue to be extracted at the same rate over the next 28 years as they were between 1988 and 2017, says the report, global average temperatures would be on course to rise by 4C by the end of the century.

Keywords
Greenhouse gas emissions, Business, Climate change, Intergovernmental Panel on Climate Change (IPCC), Environment, Guardian sustainable business, Oil and gas companies, Chevron, ExxonMobil, Royal Dutch Shell, BP

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