Finance
10 finance firms effectively own half of all future carbon emissions
An evaluation of the 200 largest fossil gasoline corporations means that simply 10 shareholders may affect the destiny of almost half of the world’s remaining fossil fuels
Surroundings
6 August 2022
The Marathon Petroleum Corp’s Los Angeles Refinery in Carson, California
Robyn Beck/AFP through Getty Photos
Simply 10 monetary establishments personal almost half of the unburned fossil fuels from the world’s largest fossil gasoline corporations.
The Carbon Underground 200 is a listing of the 200 largest fossil gasoline corporations, created by FFI Options, a sustainable investing agency. Mixed, the businesses personal 98 per cent of identified fossil gasoline reserves, an quantity that might emit 674 gigatons of carbon if burned – almost triple the worldwide carbon emissions limits wanted to constrain international warming inside the 1.5°C …