The climate crisis of the 21st century has been caused largely by just 90 companies,
which between them produced nearly two-thirds of the greenhouse gas emissions generated since the dawning of the industrial age, new research suggests.
There are thousands of oil, gas and coal producers in the world," climate researcher and author Richard Heede at the Climate Accountability Institute in Colorado said. "But the decision makers, the CEOs, or the ministers of coal and oil if you narrow it down to just one person, they could all fit on a Greyhound bus or two.
Half of the estimated emissions were produced just in the past 25 years – well past the date when governments and corporations became aware that rising greenhouse gas emissions from the burning of coal and oil were causing dangerous climate change.
Many of the same companies are also sitting on substantial reserves of fossil fuel which – if they are burned – puts the world at even greater risk of dangerous climate change......
Between them, the 90 companies on the list of top emitters produced 63% of the cumulative global emissions of industrial carbon dioxide and methane between 1751 to 2010, amounting to about 914 gigatonne CO2 emissions, according to the research. All but seven of the 90 were energy companies producing oil, gas and coal. The remaining seven were cement manufacturers.
The list of 90 companies included 50 investor-owned firms – mainly oil companies with widely recognised names such as Chevron, Exxon, BP , and Royal Dutch Shell and coal producers such as British Coal Corp, Peabody Energy and BHP Billiton.
Some 31 of the companies that made the list were state-owned companies such as Saudi Arabia's Saudi Aramco, Russia's Gazprom and Norway's Statoil.
Nine were government run industries, producing mainly coal in countries such as China, the former Soviet Union, North Korea and Poland, the host of this week's talks.....read....