The Carbon Majors Report published on Monday has attributed 70% of global greenhouse emissions to just 100 companies; for the 50% could be linked to just 25 corporate and state-owned businesses. 20% of global emissions are supported by public investors. three biggest polluters since
Among the three biggest polluters since 1988 are ExxonMobil, Shell, BP, and Chevron.
The study finds that climate started being significantly affected by 1988 and warns that if extraction of fossil fuels continues at current levels for 28 years then temperatures will rise by 4 degrees Celsius. The 2015 Paris Agreement was intended to at least halve the expected temperature rise, whilst aiming for 1,5 degrees.
That objective is called into question since President Donald Trump announced the US will be withdrawing from the Paris Accord. During the G20 Summit in Hamburg, President Recep Tayyip Erdogan suggested that Turkey too will not be ratifying the treaty.
However, there is hope as some of the biggest corporate giants, including Apple, Google, IKEA, and beer giant Anheuser-Busch InBev have committed to 100% use of renewables.