Just 100 companies are responsible for 71% of greenhouse gas emissions worldwide, study says

Just 100 companies are responsible for 71% of greenhouse gas emissions worldwide, study says
Fumes rising from factories in Kawasaki, Japan, December, 2009.
Source: Koichi Kamoshida/Getty Images
Fumes rising from factories in Kawasaki, Japan, December, 2009.
Source: Koichi Kamoshida/Getty Images

A mere 100 companies worldwide are responsible for more than 70% of all greenhouse gas emissions starting in 1988, according to a new report.

The report, released in July by U.K.-based nonprofit the Carbon Disclosure Project in partnership with the Climate Accountability Institute, tallies global emissions not by countries, but by corporations.

It found that the 100 top emissions producers account for 71% of all global greenhouse gas emissions since 1988, when climate change was officially recognized as being tied to human activity. According to the report, 51% of all industrial emissions worldwide are tied to just 25 corporate investor-owned and state-owned companies.

Why categorize emissions by corporations, rather than by nations? One of the researchers’ goals in publishing the report is to raise awareness among investors and to pressure those companies for more transparency about emissions, they said.

BP refinery oil storage tanks in Gelsenkirchen, Germany
Source: Martin Meissner/AP

In the 28 years since researchers discovered the link between climate change and human activity, the fossil fuel industry has only doubled down on emissions, according to the report. Some of the worst offenders since 1988 include ExxonMobil, Shell, BP and Chevron.

Pedro Faria, CDP’s technical director, said climate change is “underway” and “irreversible,” adding that it’s essential that stakeholders, local governments and ordinary citizens act to reduce emissions.

“Climate action is no longer confined to the direction given by policy makers; it is now a social movement, commanded by both economic and ethical imperatives and supported by growing amounts of data,” Faria said. “Those that ignore this reality do so at their own peril.”

BP and Shell did not immediately return Mic’s request for comment. In an emailed statement, a spokesperson for Chevron directed Mic to a climate change page on its website.

Demonstrators call for U.S. action on climate change in Chicago on Saturday, April 29.
Source: Nam Y. Huh/AP

The consequences for ignoring that reality are grim. According to the report, if the next 28 years are the same as the previous 28, we would see a global average temperature rise of 4 degrees Celsius over pre-industrial levels before the year 2100.

That rise would lead to “substantial species extinction,” global food scarcity and other as-yet-unknown consequences that are “even more severe.”

July 10, 2017, 2:22 p.m.: This story has been updated

How much do you trust the information in this article?

Anna Swartz

Anna is a staff writer for Mic covering breaking news. She can be reached at aswartz@mic.com.

MORE FROM

New White House communications director Scaramucci says press briefings should be on-camera

If the new White House communications director gets his way, the press briefings could soon be recorded once again.

At least 8 dead, 30 injured in locked tractor trailer outside Walmart in Texas

Authorities told press that the deaths were caused by "a human trafficking crime."

Amid new revelations, here’s what we’ve learned about the Russian lawyer who met with Trump Jr.

The picture of Natalia Veselnitskaya is coming into clearer focus.

Republican Senator urges whoever leaked Russia/Sessions phone calls to release whole conversation

Sen. Chuck Grassley wants the person who leaked intelligence about Attorney General Jeff Sessions and Russian ambassador Sergey Kislyak to come forward with more information.

Donald Trump Jr. and Paul Manafort now to testify before Senate committee behind closed doors

Trump Jr. and Manafort have avoided a subpoena and will testify behind closed doors — for now.

Hope Hicks reportedly tried to rein Trump in during explosive ‘Times’ interview. It didn’t work.

The low-profile Trump Whisperer is one of the few in the president's orbit to enjoy job security.

New White House communications director Scaramucci says press briefings should be on-camera

If the new White House communications director gets his way, the press briefings could soon be recorded once again.

At least 8 dead, 30 injured in locked tractor trailer outside Walmart in Texas

Authorities told press that the deaths were caused by "a human trafficking crime."

Amid new revelations, here’s what we’ve learned about the Russian lawyer who met with Trump Jr.

The picture of Natalia Veselnitskaya is coming into clearer focus.

Republican Senator urges whoever leaked Russia/Sessions phone calls to release whole conversation

Sen. Chuck Grassley wants the person who leaked intelligence about Attorney General Jeff Sessions and Russian ambassador Sergey Kislyak to come forward with more information.

Donald Trump Jr. and Paul Manafort now to testify before Senate committee behind closed doors

Trump Jr. and Manafort have avoided a subpoena and will testify behind closed doors — for now.

Hope Hicks reportedly tried to rein Trump in during explosive ‘Times’ interview. It didn’t work.

The low-profile Trump Whisperer is one of the few in the president's orbit to enjoy job security.