Some 80% of global CO2 emissions come from just 57 companies Report shows

Smith Sonian Magazine carries an article about the companies which increased their fossil fuel production after the Paris Agreement signed in 2016, Caliber.Az reprints the article.

A new analysis released last week by the international non-profit InfluenceMap reveals an overwhelmingly unequal share of fossil fuel pollution worldwide. From 2016 to 2022, 80 per cent of global carbon dioxide emissions were produced by just 57 companies.

Shared in the think tank’s Carbon Majors Database, which is authored by some of the world’s top climate researchers, the report names the leading state-controlled entities and investor-owned companies driving the climate crisis and global warming.

The production of coal, oil, natural gas and cement combined for around 30,000 megatons of carbon dioxide emissions worldwide in 2022 alone. Historically, of the world’s 122 top polluters, according to the Guardian, 65 per cent of state-owned companies and more than half of private-sector companies had come to expand their output.

“It is morally reprehensible for companies to continue expanding exploration and production of carbon fuels in the face of knowledge now for decades that their products are harmful,” Richard Heede, who established the Carbon Majors Database 11 years ago, tells the Guardian’s Jonathan Watts. “Don’t blame consumers who have been forced to be reliant on oil and gas due to government capture by oil and gas companies.”

Since the 2015 adoption of the Paris Agreement, which established an internationally agreed-upon 1.5 degree Celsius global warming limit by 2100, the world’s number one source of carbon emissions has been China’s state-run coal production. From 2016 to 2022 they accounted for 25.79 per cent of global carbon emissions while historically, from 1854 to 2022, they accounted for about 14 per cent of all carbon emissions—also tops in the world.

State-owned fossil fuel production companies comprised the next largest share since 2016, combining to spread more than 30,000 megatons of carbon dioxide into the atmosphere in that span. Saudi Aramco accounted for mroe than 4 per cent of global emissions, Gazprom clocked over 3 per cent and Coal India accounted for roughly 3 per cent.

Among investor-owned companies, oil producers ExxonMobile, Shell, BP and Chevron comprised the most carbon emissions historically, combining for more than 10 per cent since 1854. They also accounted for the most since the Paris Agreement was signed—combining for roughly 5 per cent since 2016.

The report also shows these entities moving in a startling direction—since the Paris Agreement was signed, 58 of the top 100 carbon-producing companies have actually increased their production. This trend was most visible in Asia, where 13 of 15 companies ramped up their operations, though the same dissonance was seen in the Middle East (7 of 10), Europe (13 of 23), South America (3 of 5), Australia (3 of 4), and Africa (3 of 6). In North America, 16 of 37 companies, 43 per cent, increased their emissions since 2016.

Of the world’s top fossil fuels, the report found the mining and usage of coal to shift the most after 2016. Not only did its global consumption increase by 8 per cent, reaching all-time highs in 2022, but its production shifted significantly from private companies to state-controlled entities and nation-states—a trend that signals a wilful disregard for the Paris Agreement.