The 20 firms behind one-third of carbon emissions
Report names the top offenders in escalating climate emergency
A handful of companies are responsible for more than one-third of global carbon emissions, according to a new report.
The Guardian found that a 20-strong “cohort of state-owned and multinational firms” and their “relentless exploitation of the world’s oil, gas and coal reserves” can be “directly linked to more than one-third of all greenhouse gas emissions in the modern era”.
The paper’s investigation, which analyses the amount of carbon dioxide each company has produced since 1965, says new data shows “fossil fuel companies have driven the climate crisis despite industry knowing the dangers”.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
The Guardian says that the study shows that “many of the worst offenders are investor-owned companies that are household names around the world and spend billions of pounds on lobbying governments and portraying themselves as environmentally responsible”.
The four private companies at the top of the list – Chevron, Exxon, BP and Shell – are behind more than 10% of the world’s carbon emissions since 1965.
A dozen of the worst offenders are state-owned firms, responsible for 20% of total emissions across the same period. Of these, Saudi oil company Aramco alone has produced 4.38% of the global total.
The researchers chose 1965 as the starting point for the data because it this is the time when the environmental impact of fossil fuels had come to be understood by industry leaders and politicians, particularly in the US.
The analysis was conducted by Richard Heede at the Climate Accountability Institute in the US, the world’s leading authority on the oil industry's role in the worsening climate emergency.
He said: “These companies and their products are substantially responsible for the climate emergency, have collectively delayed national and global action for decades, and can no longer hide behind the smokescreen that consumers are the responsible parties.
“Oil, gas, and coal executives derail progress and offer platitudes when their vast capital, technical expertise, and moral obligation should enable rather than thwart the shift to a low-carbon future.”
The report comes on the same day Shell announced a customer loyalty scheme to offset the carbon dioxide emissions of around 1.5 million road users in Britain, Reuters reports. The news agency notes that, like other oil companies, Shell “has come under pressure from shareholders to show how it plans to reduce its carbon footprint and help cut greenhouse gas emissions.”
The 20 firms are: Saudi Aramco, Chevron, Gazprom, ExxonMobil, National Iranian Oil Co, BP, Royal Dutch Shell, Coal India, Pemex, Petróleos de Venezuela, PetroChina, Peabody Energy, ConocoPhillips, Abu Dhabi National Oil Co, Kuwait Petroleum Corp, Iraq National Oil Co, Total SA, Sonatrach, BHP Billiton and Petrobras.
–––––––––––––––––––––––––––––––For a round-up of the most important stories from around the world - and a concise, refreshing and balanced take on the week’s news agenda - try The Week magazine. Get your first six issues for £6–––––––––––––––––––––––––––––––
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
-
Outer Hebrides: a top travel destination
The Week Recommends Discover 'unspoiled beauty' of the Western Isles
By Tess Foley-Cox Published
-
The Biltmore Mayfair review: a quintessential slice of luxury London
The Week Recommends This swanky retreat in Grosvenor Square blends old-world glamour with modern comforts
By Caroline Dolby Published
-
Is ChatGPT's new search engine OpenAI's Google 'killer'?
Talking Point There's a new AI-backed search engine in town. But can it stand up to Google's decades-long hold on internet searches?
By Theara Coleman, The Week US Published
-
At least 95 dead in Spain flash floods
Speed Read Torrential rainfall caused the country's worst flooding since 1996
By Peter Weber, The Week US Published
-
Earth's carbon sinks are collapsing
Under the Radar Forests and soil are not operating as usual
By Devika Rao, The Week US Published
-
Why the Earth's water cycle is under threat
Under The Radar Disturbances in the system that moves water around the world place more than half of global food production at risk
By Chas Newkey-Burden, The Week UK Published
-
Climate safe havens may be a thing of the past
Under the radar Safe spaces are few and far between
By Devika Rao, The Week US Published
-
What does marine life do during a hurricane?
The Explainer The underwater ecosystem also faces deadly consequences
By Devika Rao, The Week US Published
-
Wildlife populations drop a 'catastrophic' 73%
Speed Read The decline occurred between 1970 and 2020
By Peter Weber, The Week US Published
-
An iconic ship is being turned into the world's largest artificial reef
Under the Radar The SS United States will be sunk off the coast of Florida if all goes to plan
By Justin Klawans, The Week US Published
-
It's not just ice quantity that climate change affects. It's also quality.
Under the Radar Ice is getting thinner and frailer
By Devika Rao, The Week US Published