Twenty companies account for over 40% of all CO emitted by the global fossil fuel sector

"Around 20 oil, gas, coal and cement companies have been shown to be responsible for over 40% of global CO emissions in 2023, emphasizing their significant contribution to climate change."

"Despite increasing impacts of climate change, the emissions from these fossil fuel companies have continued to grow, indicating a troubling trend in global CO reduction efforts."

"The dominance of state-owned enterprises in global emissions highlights a critical focus area for climate policy and intervention, raising questions about accountability and reform."

"Chinese state-owned companies account for 23% of global emissions, a staggering figure that underscores the need for urgent action within the world's largest polluting nations."

In 2023, a report by InfluenceMap reveals that 20 major fossil fuel companies were responsible for 40.8% of global carbon dioxide emissions, amounting to 17.5 gigatonnes. Notably, 16 of these companies are state-owned, with Chinese firms contributing 23% of emissions by themselves. The report, tracking 169 companies, indicates a 0.7% increase in emissions from these firms despite worsening climate conditions. Saudi Aramco led as the highest emitter globally, exemplifying the dominance of state-owned entities in emissions. The findings highlight critical implications for climate policy, particularly in relation to accountability for these emissions.

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