Ninety companies, including BP, Shell and Exxon Mobil, have been blamed for causing the climate change crisis in a new study carried out by the US-based Climate Accountability Institute.The study, published in journal Climatic Change, says these...
What isn't highlighted in the report is the climate change chain, so to speak. Fossil fuel companies - whether investor or state-owned - work on a supply demand principle, so the responsibility should really be shared between consumers and governments.
The fact that half of the greenhouse gases analysed were said to be produced in the past 25 years shows that although governments and decision makers have known about climate change for decades, they have failed to reduce fossil fuel consumption and demand, something that is perhaps unsurprising considering the growth rate of the global population, which is exacerbated by the slow uptake of other forms of clean energy.
The companies mentioned in the report include 31 state-owned ones and some nation-states themselves.
In fact, according to the report's calculations, as laid out in The Guardian, government-run companies have been some of the biggest offenders.