Friday, November 22, 2013

Are 90 Companies Responsible For Nearly Two-Thirds Of Global Warming?

The Huffington Post | By James Gerken Posted: 11/21/2013. Can climate change be blamed on a handful of corporations? A new study from the Colorado-based Climate Accountability Institute suggests that 90 companies are responsible for almost two-thirds of global greenhouse gas emissions since the start of the Industrial Revolution. The top 90 emitters include 50 investor-owned energy companies like BP, ExxonMobil and Shell, along with 31 state-owned companies and some nation-states themselves. 83 of the 90 are coal, oil and gas producers and the remaining seven are cement manufacturers. The researchers argue that this group is responsible for the equivalent of 914 gigatons of carbon dioxide, explained the Guardian, which accounts for 63 percent of industrial carbon dioxide and methane emissions between 1751 and 2010. In fact, half of the greenhouse gas emissions analyzed in the the study were reportedly emitted in the past 25 years.
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