Twenty Companies Responsible for Over 40% of Global Fossil Fuel Emissions

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A recent report by the British research center InfluenceMap reveals that approximately 20 oil, gas, coal, and cement companies accounted for 40.8% of global carbon dioxide emissions from the fossil fuel sector in 2023, totaling 17.5 gigatonnes. Among these companies, 16 are state-owned, with Chinese firms contributing to 23% of total emissions, according to the study.

Saudi Aramco, the state-owned company of Saudi Arabia, was identified as the largest emitter, followed by Coal India, CHN Energy, and the National Iranian Oil Company. Together, these entities represent nearly 20% of emissions from the fossil fuel sector. Notably, the emissions from these companies increased by 0.7% from 2022, despite escalating concerns about the climate crisis.

Analyst Emmett Connaire emphasized the report's findings, stating that a small group of major fossil fuel producers is significantly escalating production and emissions, thereby exacerbating the climate crisis. The data serves not just as a current emissions tracker, but also holds historical insights dating back to 1854, identifying state-owned entities in the former Soviet Union and China as the primary culprits of historical emissions.

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