Just 100 companies responsible for 71% of global emissions

[JSOP]

"The Carbon Majors Report (pdf) “pinpoints how a relatively small set of fossil fuel producers may hold the key to systemic change on carbon emissions,” says Pedro Faria, technical director at environmental non-profit CDP, which published the report in collaboration with the Climate Accountability Institute.

Traditionally, large scale greenhouse gas emissions data is collected at a national level but this report focuses on fossil fuel producers. Compiled from a database of publicly available emissions figures, it is intended as the first in a series of publications to highlight the role companies and their investors could play in tackling climate change.

The report found that more than half of global industrial emissions since 1988 – the year the Intergovernmental Panel on Climate Change was established – can be traced to just 25 corporate and state-owned entities. The scale of historical emissions associated with these fossil fuel producers is large enough to have contributed significantly to climate change, according to the report.

ExxonMobil, Shell, BP and Chevron are identified as among the highest emitting investor-owned companies since 1988. If fossil fuels continue to be extracted at the same rate over the next 28 years as they were between 1988 and 2017, says the report, global average temperatures would be on course to rise by 4C by the end of the century. This is likely to have catastrophic consequences including substantial species extinction and global food scarcity risks.

While companies have a huge role to play in driving climate change, says Faria, the barrier is the “absolute tension” between short-term profitability and the urgent need to reduce emissions.


A Carbon Tracker study in 2015 found that fossil fuel companies risked wasting more than $2tn over the coming decade by pursuing coal, oil and gas projects that could be worthless in the face of international action on climate change and advances in renewables – in turn posing substantial threats to investor returns.

CDP says its aims with the carbon majors project are both to improve transparency among fossil fuel producers and to help investors understand the emissions associated with their fossil fuel holdings.

A fifth of global industrial greenhouse gas emissions are backed by public investment, according to the report. “That puts a significant responsibility on those investors to engage with carbon majors and urge them to disclose climate risk,” says Faria.

Investors should move out of fossil fuels, says Michael Brune, executive director of US environmental organisation the Sierra Club. “Not only is it morally risky, it’s economically risky. The world is moving away from fossil fuels towards clean energy and is doing so at an accelerated pace. Those left holding investments in fossil fuel companies will find their investments becoming more and more risky over time.”

There is a “growing wave of companies that are acting in the opposite manner to the companies in this report,” says Brune. Nearly 100 companies including Apple, Facebook, Google and Ikea have committed to 100% renewable power under the RE100 initiative. Volvo recently announced that all its cars would be electric or hybrid from 2019.


And oil and gas companies are also embarking on green investments. Shell set up a renewables arm in 2015 with a $1.7bn investment attached and a spokesperson for Chevron says it’s “committed to managing its [greenhouse gas] emissions” and is investing in two of the world’s largest carbon dioxide injection projects to capture and store carbon. A BP spokesperson says its “determined to be part of the solution” for climate change and is “investing in renewables and low-carbon innovation.” And ExxonMobil, which has faced heavy criticism for its environmental record, has been exploring carbon capture and storage.

But for many the sums involved and pace of change are nowhere near enough. A research paper published last year by Paul Stevens, an academic at think tank Chatham House, said international oil companies were no longer fit for purpose and warned these multinationals that they faced a “nasty, brutish and short” end within the next 10 years if they did not completely change their business models.

Investors now have a choice, according to Charlie Kronick, senior programme advisor at Greenpeace UK. “The future of the oil industry has already been written: the choice is will its decline be managed, returning capital to shareholders to be reinvested in the genuine industries of the future, or will they hold on, hoping not be the last one standing when the music stops?”
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https://www.theguardian.com/sustain...ons-cdp-study-climate-change?CMP=share_btn_fb

I don't understand why they still bother to drill so much oil when people are increasingly relying on alternative energies for more and more large scale operations, not just cars. What are they going to do when they find out they can't really sell all those extra oil that they have extracted because nobody wants them anymore?

 

[dozu888]

global warming now is at the bottom of list of environmental concerns... the brain washed crowd has dropped from about 50% after Al pushed the scam, to now only about 33%, in all the developed markets.

the 33%, are either

- too dumb to think for themselves, like this OP who has not a brain, and can only throw some links back at me, every of which is filled with bad science and won't stand 5 minutes of cross examination
- in denial, realizing they have been conned for so long;
- or have an agenda to push.

and you see - traders care about the markets and the money.... nobody really gives a f, based on the lack of responses.

Money is the smartest thing.

money is why Al pushed the scam;
money is why the 'renewable energy' scheme flourished, all going after the Federal dollars; who gives a f about the environment anyway;
money is why people keep buying ocean front properties.

2-inch CO2 does not compare to a welding shield... it's 3% of of all of the CO2, which is still a trace green house gas compared to water vapor;

2-inch CO2 is everything men made since we started burning sticks for fuel. take Paris e.g., if every country did what they promised (never gonna happen, india and China just want the US to put in the $Bs every year)... but even if they all did, in 100 years we are talking about the difference of this 2 inches growing to 2.5 vs. 2.75 inches.... meanwhile wasting $ trillions, choking off economic growth.... this is EVIL.

this will be my last post on this topic.... some people are just too dumb to think for themselves.. no more wasted keystrokes on this.

I assure you these people will throw more links back at this post... but with a little high school math and science and check the facts, the conclusions are much easier to reach, than reading the SP500 chart.

 

[dozu888]

I don't understand why they still bother to drill so much oil when people are increasingly relying on alternative energies for more and more large scale operations, not just cars. What are they going to do when they find out they can't really sell all those extra oil that they have extracted because nobody wants them anymore?

you are a trader.. you should know... check the oil chart.

 

[Ldeyana]

The world needs to realize that global warming is real. It is not a hoax created by the Chinese. We need to make up policies that help the environment grow. I know that it is a hard thing to do but we need to do it for the sake and protection of our children.

 

[Sig]

global warming now is at the bottom of list of environmental concerns... the brain washed crowd has dropped from about 50% after Al pushed the scam, to now only about 33%, in all the developed markets.

the 33%, are either

- too dumb to think for themselves, like this OP who has not a brain, and can only throw some links back at me, every of which is filled with bad science and won't stand 5 minutes of cross examination
- in denial, realizing they have been conned for so long;
- or have an agenda to push.

and you see - traders care about the markets and the money.... nobody really gives a f, based on the lack of responses.

Money is the smartest thing.

money is why Al pushed the scam;
money is why the 'renewable energy' scheme flourished, all going after the Federal dollars; who gives a f about the environment anyway;
money is why people keep buying ocean front properties.

2-inch CO2 does not compare to a welding shield... it's 3% of of all of the CO2, which is still a trace green house gas compared to water vapor;

2-inch CO2 is everything men made since we started burning sticks for fuel. take Paris e.g., if every country did what they promised (never gonna happen, india and China just want the US to put in the $Bs every year)... but even if they all did, in 100 years we are talking about the difference of this 2 inches growing to 2.5 vs. 2.75 inches.... meanwhile wasting $ trillions, choking off economic growth.... this is EVIL.

this will be my last post on this topic.... some people are just too dumb to think for themselves.. no more wasted keystrokes on this.

I assure you these people will throw more links back at this post... but with a little high school math and science and check the facts, the conclusions are much easier to reach, than reading the SP500 chart.

Let's summarize what's going on here.
Poster 1 throws out a completely unsupported assertion based on the same kind of "common sense" that would also say the earth is flat because we don't roll off it and the sun orbits the earth because....clearly, take a look!
Poster 2 Provides a detailed list of references showing that everything Poster 1 said is incorrect, backed up by actual research and, you know, data.
Poster 1, clearly having no references, research, or you know, data, repeats what he said in his previous posts while doing his damndest to ignore that oh so inconvenient set of references with their pesky research and data. And throws in some ad hominem attacks on everyone who holds a viewpoint different from is own...ironically given his demonstrated behavior above accusing them of being "dumb" and not checking facts.

All I can say is that the low end Dunning-Kruger effect is very strong with @dozu888 I think he honestly doesn't realize how shallow and information-free his posts on this topic are, and he sure as heck won't ever actually read anything that might cause him to question his good old common sense "think for myself" worldview.

 

[dozu888]

Let's summarize what's going on here.
Poster 1 throws out a completely unsupported assertion based on the same kind of "common sense" that would also say the earth is flat because we don't roll off it and the sun orbits the earth because....clearly, take a look!
Poster 2 Provides a detailed list of references showing that everything Poster 1 said is incorrect, backed up by actual research and, you know, data.
Poster 1, clearly having no references, research, or you know, data, repeats what he said in his previous posts while doing his damndest to ignore that oh so inconvenient set of references with their pesky research and data. And throws in some ad hominem attacks on everyone who holds a viewpoint different from is own...ironically given his demonstrated behavior above accusing them of being "dumb" and not checking facts.

All I can say is that the low end Dunning-Kruger effect is very strong with @dozu888 I think he honestly doesn't realize how shallow and information-free his posts on this topic are, and he sure as heck won't ever actually read anything that might cause him to question his good old common sense "think for myself" worldview.

you are so blind man... look up grand solar minimum.

this recent volatility... 1 possibility is just a shake, but I am not too sure, even though I have a lot in the game.

the other possibility is a real bear market, and I see 2 reasons -

- China, the debt crisis maybe coming due, but this is not quite likely as the next reason as the government has complete control and can print unlimited and rob money out of it's people's savings;

- the grand solar minimum.... this is when dynasties collapse and can be the real reason for a massive down turn... nothing is for sure in the market of course.. because this is not something new.

equity valuation is so cheap now, SP is forward yielding more than 2X the 10 year yield, and if this is a real bear market there has to be a fundamental reason.

 

[dozu888]

again, the alarmists fall into 2 groups: the brain washers and the brain washees.

the washers are busy pushing agenda - global control, green energy federal subs, research fundings etc.

the washees just recycle the garbage and meanwhile feeling good about 'saving the planet'.

I don't blame the washers, people chasing profit, what else is new.

but the brain washees, you have been made a fool and you are so far behind in the knowledge curve.... people in the know are already worrying/planning about the next mini ice age, and you are so in the dark.... not even debate-worthy.

 

[Sig]

again, the alarmists fall into 2 groups: the brain washers and the brain washees.

the washers are busy pushing agenda - global control, green energy federal subs, research fundings etc.

the washees just recycle the garbage and meanwhile feeling good about 'saving the planet'.

I don't blame the washers, people chasing profit, what else is new.

but the brain washees, you have been made a fool and you are so far behind in the knowledge curve.... people in the know are already worrying/planning about the next mini ice age, and you are so in the dark.... not even debate-worthy.

And yet another content free post throwing insults around and you still haven't addressed the very detailed, itemized, data driven points that were presented to you. That says everything.

 

[dozu888]

And yet another content free post throwing insults around and you still haven't addressed the very detailed, itemized, data driven points that were presented to you. That says everything.

not debate worthy and i dont care about your detailed itemized recycle of garbage... my reply was mainly for others to see.. too busy with real things to do.... but I will say this.. if will be very sad some day when you are too old to matter, and you finally realize you have been made a fool for all these years... not too late to wake up yet.

bye.

 

[Sig]

not debate worthy and i dont care about your detailed itemized recycle of garbage... my reply was mainly for others to see.. too busy with real things to do.... but I will say this.. if will be very sad some day when you are too old to matter, and you finally realize you have been made a fool for all these years... not too late to wake up yet.

bye.

And he comes back with more childish insults. Good luck with those "real things to do"!