• AutoTL;DRB
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    49 months ago

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    This powerful cohort of state-controlled corporations and shareholder-owned multinationals are the leading drivers of the climate crisis, according to the Carbon Majors Database, which is compiled by world-renowned researchers.

    This expansion, which has continued since, runs contrary to a stark warning by the International Energy Agency that no new oil and gas fields can be opened if the world is to stay within safe limits of global heating.

    Climate scientists say global temperatures are rapidly approaching the lower Paris target of 1.5C above the pre-industrial era, with potentially dire consequences for people and the rest of nature.

    Daan Van Acker, program manager at InfluenceMap, said many of the entities in the Carbon Majors database were moving in the wrong direction for climate stability.

    He cites the proposal made by Mia Mottley, the prime minister of Barbados, for oil and gas companies to contribute at least 10 cents in every dollar to a loss and damage fund.

    As examples, he cited the billboards that sprang up in Houston, Texas, after a hurricane that declared: “We Know Who Is To Blame” beside the names of oil companies, or the campaign in Vermont to create a climate superfund paid for by polluters that would allay the rising costs from floods, storms and heatwaves.


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