- According to the Carbon Majors report published Thursday, just 57 fossil fuel and cement producers have been linked to 80% of the world's carbon dioxide (CO2) emissions since 2016. Reuters (LR: 3 CP: 5)
- While many governments and companies set strict emissions targets to combat climate change, a small group of emitters produced and burned more fossil fuels between 2016 and 2022, raising CO2 emissions. Offshore Engineer Magazine
- Among the world's 122 biggest historical climate polluters, the researchers found that 65% of state-owned entities and 55% of investor-owned companies had expanded production in the seven years after the Paris Climate Agreement was signed. Guardian (LR: 2 CP: 5)
- The world's top three state-owned CO2-emitting firms are Saudi Aramco, Russia's Gazprom, and the National Iranian Oil Company. ExxonMobil, BP, and Chevron lead the list of biggest investor-owned CO2-emitting companies. Axios
- In its long-term analysis, the researchers said that investor-owned companies accounted for 31% of all emissions, while state-owned companies were linked to 33% and nation-states for 36%. China's coal production accounted for 14% of historic global CO2 emissions, the highest. Carbonmajors
- In 2015, 194 world leaders agreed to cut greenhouse gas emissions to prevent global temperatures from rising by more than 1.5°C. However, according to the independent Climate Action Tracker, the world is on track for around 2.1°C of warming by 2100. BBC News (LR: 3 CP: 5)
Narrative A:
- It's shocking that so few powerful corporations and multinationals are the leading drivers of the global climate crisis. The cohort continues to profit from extracting fossil fuels when it should be slowing down production. This report's findings will allow international institutions to hold the culprits accountable for climate damages.
NEW YORK TIMES (LR: 2 CP: 5)
Narrative B:
- This report is sensationalizing a picture that could change in the future. Companies worldwide have been taking voluntary action to meet net zero emissions targets and invest in renewable energy, including the world's biggest oil and gas producers agreeing to cut methane emissions from their wells and drilling by more than 80% by 2030. This is all happening despite the debate on climate change not being settled.
WASHINGTON POST (LR: 2 CP: 5)
Nerd narrative:
- There's a 50% chance that at least 80.8% of the world's primary energy will come from fossil fuels in 2025, according to the Metaculus prediction community.
METACULUS (LR: 3 CP: 3)