100 companies are responsible for 71% of global emissions, study says
Just 100 companies have been the source of more than 70% of the world’s greenhouse gas emissions since 1988, according to a new report... Compiled from a database of publicly available emissions figures, it is intended as the first in a series of publications to highlight the role companies and their investors could play in tackling climate change... ExxonMobil, Shell, BP and Chevron are identified as among the highest emitting investor-owned companies since 1988. If fossil fuels continue to be extracted at the same rate over the next 28 years, [...] this is likely to have catastrophic consequences including [...] global food scarcity risks... There is a “growing wave of companies that are acting in the opposite manner to the companies in this report,” says Brune. Nearly 100 companies including Apple, Facebook, Google and Ikea have committed to 100% renewable power... Volvo recently announced that all its cars would be electric or hybrid from 2019. And oil and gas companies are also embarking on green investments.