Just 57 companies linked to 80% of greenhouse gas emissions since 2016

(The Guardian, 4 Apr 2024) Analysis reveals many big producers increased output of fossil fuels and related emissions in seven years after Paris climate deal.

A mere 57 oil, gas, coal and cement producers are directly linked to 80% of the world’s greenhouse gas emissions since the 2016 Paris climate agreement, a study has shown.

This powerful cohort of state-controlled corporations and shareholder-owned multinationals are the leading drivers of the climate crisis, according to the Carbon Majors Database, which is compiled by world-renowned researchers.

Although governments pledged in Paris to cut greenhouse gases, the analysis reveals that most mega-producers increased their output of fossil fuels and related emissions in the seven years after that climate agreement, compared with the seven years before.

In the database of 122 of the world’s biggest historical climate polluters, the researchers found that 65% of state entities and 55% of private-sector companies had scaled up production.

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The Guardian, 4 Apr 2024: Just 57 companies linked to 80% of greenhouse gas emissions since 2016