A new report by Climate Think Tank InfluenceMap reveals that in 2023, state-owned companies were responsible for 52% of global emissions, with just 36 firms contributing over half of global fossil fuel-related CO2 output. Among the top 20 emitters, 16 were state-owned entities, and the companies from the five highest-polluting countries accounted for approximately 17.5% of global fossil fuel emissions. In comparison, the top five investor-owned companies contributed nearly 5%.
The report highlights that emissions from state-owned enterprises are significant, with Saudi Aramco alone responsible for 4.38% of global CO2 emissions. The trend shows that more than half of all fossil CO2 emissions come from a small number of producers in the oil, gas, coal, and cement industries.
The analysis tracked emissions from 1854 to 2023, indicating an increase in emissions from many top polluters, particularly in the cement sector. Chinese companies were notably highlighted as the largest contributors, making up 23% of the global total emissions in 2023. The report emphasizes the urgent need for accountability and action regarding these major emitters.
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