Are 90 Companies Responsible For Nearly Two-Thirds Of Global Warming? - 0 views
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A new study from the Colorado-based Climate Accountability Institute suggests that 90 companies are responsible for almost two-thirds of global greenhouse gas emissions since the start of the Industrial Revolution.
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The top 90 emitters include 50 investor-owned energy companies like BP, ExxonMobil and Shell, along with 31 state-owned companies and some nation-states themselves. 83 of the 90 are coal, oil and gas producers and the remaining seven are cement manufacturers.
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Based on studies published during the past several years, the IPCC found that in order to have at least a 66 percent chance of limiting global warming to, or below, 3.6°F above pre-industrial levels, no more than 1 trillion tonnes of carbon can be released into the atmosphere from the beginning of the industrial era through the end of this century.
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The IPCC report estimates that we’ve already used 531 billion tonnes of that budget as of 2011 by burning fossil fuels for energy as well as by clearing forests for farming and myriad other uses. That means we’re on the wrong side of the carbon budget, with 469 billion tonnes left.
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"It increases the accountability for fossil fuel burning," climate scientist Michael Mann told the Guardian. "You can't burn fossil fuels without the rest of the world knowing about it."