This report looks at industrial carbon dioxide and methane emissions deriving from fossil fuel producers in the past, present, and future. It had found that just 100 companies have been the source of more than 70% of the world’s greenhouse gas emissions since 1988. Even more, half of global industrial emissions since 1988 an be traced to just 25 corporate and state-owned entities, which are fossil fuel producers. ExxonMobil, Shell, BP and Chevron are identified as among the highest emitting investor-owned companies.
The cover of The Carbon Majors Report 2017
There is a warning conclusion after all: if fossil fuels continue to be extracted at the same rate over the next 28 years as they were between 1988 and 2017, global average temperatures would be on course to rise by 4C by the end of the century. That means major changes including substantial species extinction and global food scarcity risks. A fifth of global industrial greenhouse gas emissions are backed by public investment, according to the report. They are like “the authors” of many bad things in the actual global world. Embarking on green investments should be one of the solutions but specialists say many other decisions to reduce environmental pollution are needed and the clock is ticking. On the other part, the small number of big polluters can be a good thing, they are an easier identifiable target for the future actions on the right way.