Top 20 Global Polluters Cover up for not Supporting Climate Emergency
The modern era is caught in a turmoil, while the top 20 global polluters remain ecstatic about the expanding profits by relentless exploitation of the oil, gas and coal reserves of the world. Despite contributing to more than one-third of all greenhouse emissions of the world, the firms claim that they are working towards climate emergency.
A recent report by The Guardian listed the various state-owned and multinational companies that have contributed to 35 percent of carbon and methane emissions worldwide releasing 480bn tonnes of carbon dioxide equivalent since 1965.
Leading the polluters list is Saudi Aramco responsible for nearly 59,262m tonnes of CO2. which is 4.38 percent of global total. Second on the list is Chevron (releasing 3.2 percent carbon of global total), followed by Gazprom, EzzonMobil, National Iranian Oil Co, BP and more.
As per the reports by Michael Mann, the world’s leading climate scientists, “The great tragedy of the climate crisis is that seven and a half billion people must pay the price – in the form of a degraded planet – so that a couple of dozen polluting interests can continue to make record profits. It is a great moral failing of our political system that we have allowed this to happen.”
Sources said that the discussions between The Guardian and these polluter firms revealed that most of them accepted the climate emergency. Others said that they are working in line with the Paris agreement to reduce emissions and keep global temperature rises to 1.5C above pre-industrial levels.
As per the CEO of Royal Dutch Shell plc, the firms that will not come together to fight against the climate change under 2015 Paris Agreement are under the risk of going out of business.
However, there is a clear difference in what is being said and what is being done. The annual report of Shell shows an investment of $25bn in oil and gas in 2018. But there is no mention of the widely proclaimed low carbon technologies.
In reality, the multinational companies are making generous efforts to promote consumerism. Ridding themselves from the accusation of being the global polluters, they instead blame their consumers for raising the demand for products that encourage fossil fuel emission in their making.
A recent study conducted showed that top five stock market listed oil and gas firms spend nearly $200m each year in order to delay or block policies made to deal with climate emergency.
Rather a whopping amount of $195m is spent every year on branding campaigns in order to show that they are working towards climate change. Out of the increased spending of $115bn in 2019, only 3 percent is aimed at low carbon projects.
The UN Climate Action Summit 2019 saw many countries pledging to reduce their carbon emissions, aiming to reach net zero emissions by 2050. With the existing rate of carbon emissions from the top 20 global polluters, it is extremely difficult to act on climate emergency.
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