80 percent of global carbon dioxide emissions comes from just 57 companies

It's Friday, April 05, 2024.

A new Carbon Majors Database report, which examines carbon dioxide emissions, found that just 57 companies were responsible for 80 percent of the global carbon dioxide emissions between 2016 and 2022. ExxonMobil, which topped the list of United States companies, contributed 1.4 percent of all global carbon dioxide emissions. It has net zero emissions targets.

Nearly 200 parties adopted the 2015 Paris Agreement, committing to reduce greenhouse gas emissions. However, 58 of the 100 state- and investor-owned companies in the Carbon Majors Database have since increased their production.

The International Energy Agency found coal consumption increased by eight percent over the seven years to 8.3 billion tons — a record high. State-owned Coal India is one of the top three carbon dioxide producers. Russia’s state-owned energy company Gazprom and state-owned oil firm Saudi Aramco rounded out the group.

— Mat Smith

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