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57 companies responsible for 80% of greenhouse gas emissions -
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57 companies responsible for 80% of greenhouse gas emissions

The top three global CO2 emitters are Saudi Aramco, followed by Russian firm Gazprom and Indian-owned Coal India, the report revealed.

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57 companies responsible for 80% of greenhouse gas emissions
57 companies responsible for 80% of greenhouse gas emissions

57 oil, gas, coal and cement producers are responsible for 80% of global greenhouse gas emissions since 2016, researchers said on Thursday.

From 2016 to 2022, 57 companies, both state-owned and private firms, accounted for 80% of the world’s fossil fuel emissions, according to a report by think tank InfluenceMap, Carbon Majors.

The top three global CO2 emitters are Saudi Aramco, followed by Russian firm Gazprom and Indian-owned Coal India, the report revealed.

Saudi Aramco declined to comment on the report and Gazprom and Coal India did not respond to queries on the matter.

The report also states that global oil and gas companies have increased their production since 2016 when countries signed the Paris Agreement to combat climate change.

The researchers found that 65% of state entities and 55% of private-sector companies had scaled up production.

The Guardian wrote that “the biggest investor-owned contributor to emissions was ExxonMobil of the United States, which was linked to 3.6 gigatonnes of CO2 over seven years, or 1.4% of the global total”.

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