“Ethical Markets recommend a close look at this report, pinpointing the 100 major carbon dioxide emitters producing 71% of emissions 1988-2015! Key data for those asset managers still cleaning up their portfolios to reduce risks. ~ Hazel Henderson, Editor”
The Climate Accountability Institute and CDP announce the joint release of the updated Carbon Majors Dataset 2017. These three reports quantify the pivotal role of the producers of oil, natural gas, and coal in driving global carbon dioxide emissions and highlight the risks and opportunities of companies to aide (or hinder) the transition to a low-carbon economy. The Dataset is an update of operational and product-use emissions attributed to the largest 100 investor- and state-owned companies from 1988 to 2015.
Leading oil and gas companies profess broad support for climate action. While most companies have reduced operational emissions, oil & gas production and emissions are all increasing, exploration budgets are increasing, and industry forecasts defy climate concerns. The 2017 Update highlights the industry’s role in reducing the carbon intensity of the global energy system and the urgency of accelerating industry commitment to align with the 2°C pathway (or well below) of the Paris Accord.
The dataset announced today covers global oil, natural gas, and coal production activity of the largest 100 fossil fuel producers from 1988 to 2015, and includes both operational (Scope 1) and product-related (Scope 3) emissions. On average, product emissions account for ~90 percent of a company’s total, with operational emissions ~10 percent.
Producing companies bear considerable responsibility and stewardship obligations for emissions and impacts from the use of their carbon fuel products used as intended by consumers worldwide — especially going forward to 2050, in alignment with science-based targets.
Please feel free to contact me if you have any questions.
Respectfully, Richard Heede
Director, CAI
CDP has issued a press release (my apologies for cross-posting):