Just 100 companies responsible for 71% of global emissions, study says (excerpt): The Guardian (3 years old but still relevant)

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Note: A three year old article but what has changed apart from some greenwashing?

A relatively small number of fossil fuel producers and their investors could hold the key to tackling climate change

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.

 

Exxon

The Carbon Majors Report (pdf) “pinpoints how a relatively small set of fossil fuel producers may hold the key to systemic change on carbon emissions,” says Pedro Faria, technical director at environmental non-profit CDP, which published the report in collaboration with the Climate Accountability Institute. 

Traditionally, large scale greenhouse gas emissions data is collected at a national level but this report focuses on fossil fuel producers. 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.

The report found that more than half of global industrial emissions since 1988 – the year the Intergovernmental Panel on Climate Change was established – can be traced to just 25 corporate and state-owned entities. The scale of historical emissions associated with these fossil fuel producers is large enough to have contributed significantly to climate change, according to the report.

Major investment firm dumps Exxon, Chevron and Rio Tinto stock (excerpt): The Guardian

"Storebrand says corporate lobbying to undermine climate solutions is ‘unacceptable’"

companies that use their political clout to block green policies

 "A Nordic hedge fund worth more than $90bn (£68.6bn) has dumped its stocks in some of the world’s biggest oil companies and miners responsible for lobbying against climate action.

Storebrand, a Norwegian asset manager, divested from miner Rio Tinto as well as US oil giants ExxonMobil and Chevron as part of a new climate policy targeting companies that use their political clout to block green policies.

The investor is one of many major financial institutions divesting from polluting industries, but is understood to be the first to dump shares in companies which use their influence to slow the pace of climate action.

Jan Erik Saugestad, the chief executive of Storebrand, said corporate lobbying activity designed to undermine solutions to “the greatest risks facing humanity” is “simply unacceptable”.

It's not OK to profit from the wreckage of the climate.

Storebrand will also divest from German chemicals company BASF and US electricity supplier Southern Company for lobbying against climate regulation, and a string of companies that derive more than 5% of their revenues from coal or oil sands.

“We need to accelerate away from oil and gas without deflecting attention on to carbon offsetting and carbon capture and storage. 

Renewable energy sources like solar and wind power are readily available alternatives,” he said.

“The Exxons and Chevrons of the world are holding us back,” he added. “This initial move does not mean that BP, Shell, Equinor and other oil and gas majors can rest easy and continue with business as usual, even though they are performing relatively better than US oil majors.”"

Go to The Guardian complete article

Related: How Hard Is It to Quit Coal? For Germany, 18 Years and $44 Billion (excerpt): NYT

Related: Prepare for even far more economic chaos than the depression caused by Covid-19


#jail the climate criminals, #jailclimatecriminals, #climatecriminals, Exxon, Chevron, BP, Shell, 

 

BP Challenged On Adverts That 'Mislead Consumers' Over Polluting Portfolio

Environmental lawyers have made a formal complaint against oil giant BP, claiming its latest advertising campaign is misleading consumers about its commitment to tackling climate change.

The challenge, filed today by legal campaign group ClientEarth, is the first time a complaint has been made about a fossil fuel company’s alleged greenwashing under international corporate rules.

ClientEarth has also launched a petition calling for a ban on all fossil fuel advertising unless it comes with a tobacco-style health warning.

The complaint focuses on BP’s ‘Keep Advancing’ and ‘Possibilities Everywhere’ campaigns — its biggest marketing blitz since before the Deepwater Horizon disaster in 2010. Adverts are currently being shown across billboards, newspapers and television in the UK, US and Europe as well as online.

ClientEarth climate lawyer Sophie Marjanac described the campaigns as a “smokescreen”, echoing criticism earlier this year that labelled BP’s approach as “deceptive and hypocritical”.

Read the complete DESMOG article 

See also:

‘War against nature must stop’: UN chief

 

#criminales climáticos de la cárcel

#criminalesclimáticosdelacárcel

#jailclimatecriminals

#gaolclimatecriminals