Monday, July 10, 2017

25 Fossil Fuel Producers Responsible for Half Global Emissions in Past 3 Decades

CDP traced the greenhouse gas emissions of 100 oil, coal and gas companies, together linked to 71% of emissions since 1988.  Exxon is high on the Carbon Majors list.

An increase in carbon-intensive fuels like tar sands oil has accelerated greenhouse gas emissions. More was emitted in the last three decades than in the previous two centuries, a new report shows. (Credit: Cole Burston/AFP/Getty Images) Click to Enlarge.
A handful of big fossil fuel producers have been responsible for the majority of global greenhouse gas emissions in the years since climate change seized the world's attention as a looming crisis, according to a new report issued today.

When emissions from agriculture and land-use changes are taken out of the equation, a mere 25 producers account for just over half of emissions in the past three decades, the report says.  The top 100 account for 71 percent of these industrial emissions.

Because of rapid economic growth and growing demand for power generation, especially among populous developing nations, more than half of the emissions in the centuries since the Industrial Revolution have occurred since 1988.  That was the year that the United Nations founded the Intergovernmental Panel on Climate Change (IPCC) to urgently study mankind's role in climate change and advise governments on science-based policies to confront it.

"We can actually say that 71 percent of the greenhouse gas emissions since 1988, which was the year climate change was recognized as a manmade creation, can be traced back to the processes and products of these companies," said Pedro Faria, who authored the "Carbon Majors" report for CDP, formerly known as the Carbon Disclosure Project.
In 2015, the top 10 fossil fuel companies in terms of emissions from their own operations plus the use of their products were:  Saudi Aramco, Gazprom, National Iranian Oil, Coal India, Shenhua Group, Rosneft, CNPC, ADNOC, ExxonMobil and PEMEX.

Since 1988, the top cumulative polluters were led by Chinese coal concerns, followed by Saudi Aramco, Gazprom, National Iranian, and ExxonMobil.

Read more at 25 Fossil Fuel Producers Responsible for Half Global Emissions in Past 3 Decades

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