Only 57 companies produced 80 percent of global carbon dioxide

Last year was the hottest on record and the world is on the way to 2.7 degrees Celsius of warming, yet oil producers and cement producers are ignoring it. global warming and make things worse. New Carbon Majors Database report found that just 57 companies were responsible for 80 percent of global carbon dioxide emissions between 2016 and 2022. Thirty-eight percent of total emissions during this period came from countries, 37 percent from government agencies and 25 percent from suppliers- owned companies.

About 200 parties took part The 2015 Paris Agreement, committed to reducing greenhouse gas emissions. However, 58 out of 100 government-owned and investor-owned companies in the Carbon Majors Database have increased their production in the years since (The Climate Accountability Institute launched the Carbon Majors in 2013 to track oil producers accountable and managed by InfluenceMap). This figure represents manufacturers worldwide, including 87 percent of those tested in Asia, 57 percent in Europe and 43 percent in North America.

It’s not a common thing for things to turn around slowly, either. The International Energy Agency found that coal consumption had increased by eight percent in seven years to 8.3 billion tons – a record. The report mentions that the state-owned Coal India is one of the top three producers of carbon dioxide. Russian state energy company Gazprom and state oil company Saudi Aramco completed the three worst offenders.

Exxon Mobil records they topped the list of United States companies, adding 1.4 percent of global carbon emissions. “These companies have made billions of dollars in profits while denying the problem and delaying and hindering the climate plan. They are spending millions on advertising related to being part of the solution, while they continue to invest in more oil,” Tzeporah. Berman, International Program Director at Stand down and Chair to Agreement on Non-Proliferation of Fossil Fuels, he said in his speech. “These results emphasize that, more than ever, we need our governments to work with these companies, and we need a new international agreement through the Fossil Fuel Treaty to stop the spread of fossil fuels and ensure that change is made.”

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