The world is getting hotter, the storms stronger, climate change is here, and there is no end in sight. A recent report by Carbon Majors found that half of the world's CO2 emissions (a driver of climate change) is from only 32 fossil fuel companies.
The biggest state-owned polluter was Saudi Aramco (1.7bn tons of CO2 emissions in 2024), and the biggest private investor polluter was Exxon Mobil (57.458million tons of CO2 in 2024). Seventeen of the top 20 polluters were state controlled companies. Of course, all top polluters oppose any phase out of fossil fuels (oil, gas, coal) - this could hurt their profits!
Carbon Majors is a database of production data from 178 of the world's largest oil, gas, coal, and cement producers. They discuss one thing that could be done: a surcharge on fossil industry profits. Their reasoning: Make polluters pay.
Excerpts from The Guardian: Half of world’s CO2 emissions come from just 32 fossil fuel firms, study shows
Just 32 fossil fuel companies were responsible for half the global carbon dioxide emissions driving the climate crisis in 2024, down from 36 a year earlier, a report has revealed. ...continue reading "Only 32 Fossil Fuel Companies Are Responsible For Half of Carbon Dioxide Emissions"