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.
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.
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