A report has found that just 57 fossil fuel and cement producers have been linked to 80% of global fossil CO2 emissions since the Paris Agreement.
According to InfluenceMap, which created the report using data from the Carbon Majors think tank, most of the companies analysed increased their output in the seven years after the Paris Agreement than in the seven years before the Agreement’s adoption.
The report shows that the majority of global CO2 emissions produced since the Paris Agreement can be traced to a small group of high emitters that are failing to slow production.
It found that nation-state producers account for 38% of emissions, while state-owned entities account for 37%, and investor-owned companies for 25%. Saudi Aramco, which is the largest oil firm globally, is owned by Saudi Arabia, while the next two largest – Sinopec and PetroChina – are both Chinese-state owned.
Daan Van Acker, program manager at InfluenceMap said: “The Carbon Majors database is a key tool in attributing...