Here’s a Ripley’s Believe It or Not for all of our ClimateYou readers. Reported last week in the Telegraph is a list of the top 100 polluters causing 71% of the world’s CO2 emissions. The worst polluter by far is the Chinese coal industry, spewing out 14% of the total. Saudi Arabia’s Aramco is 2nd, at 4.5%, Russia’s Gazprom is 3rd, at 3.9%. Shell, is 1.7% and BP is 11th, at 1.5%. The information was from a new report by the Carbon Disclosure Project (CDP), who also points out that “the fossil fuel industry has “expanded prodigiously” since 1988, with coal use becoming even more prevalent and that “approximately 833 gigatonnes of carbon dioxide equivalent were emitted between 1988 and 2015, compared to 820 gigatonnes between 1988 and the start of the industrial revolution in the 18th century.”
Natural resource companies must all develop transition plans to adapt to a low-carbon future. They will need to diversify into lower-carbon and renewable energy resources, invest in carbon capture and storage (CCS) facilities, increase their energy efficiency, and deal with more and more countries putting a price on carbon. It’s time for fossil fuel companies to clean up their act, and the planet.