Exxon and Chevron made the list of top five carbon emitters

20 Fossil Fuel Companies Responsible for One-Third of Total Carbon Emissions with Exxon and Chevron near top

Exxon and Chevron

Foto-Rabe / Pixabay

BERKELEY, CALIFORNIA—OCT. 10, 2019—The Guardian, in collaboration with the Climate Accountability Institute, revealed Wednesday that 20 large multinational companies are responsible for one third of all greenhouse gas emissions emitted in the modern era — and these polluters are still driving the relentless climb of global temperatures. U.S. companies Exxon and Chevron made the list of top five emitters. The Guardian’s polluter series emphasizes that our economic and political systems have created the climate crisis, and the corporations and governments responsible for that system must accelerate near term action to resolve it.

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Danielle Fugere, president of As You Sow, made the following statement on companies like Exxon and Chevron:

“This list points out what we already know — that the largest emitting companies must take responsibility for their contribution to climate change and act immediately to help solve the crisis they’ve created. The importance of concrete action is not lost on investors who are increasingly demanding that companies demonstrate that their products and business plans are Paris aligned, now, when action can prevent catastrophic impacts to people, planet, and the economy.”

Lila Holzman, energy program manager of As You Sow, made the following statement:

“These findings demonstrate the clear responsibility of fossil fuel companies for climate harms. The liability companies like Exxon and Chevron face underscores the need for these companies to rapidly transition away from dangerous business as usual models that only lead to increased emissions and toward full alignment with the Paris Agreement.”

For more information on As You Sow’s work on climate change, click here.

What do you think about oil companies and carbon emissions? Should they be held liable or is this just a political job? Let us know in the comments!




About the Author

Jacob Wolinsky
Jacob Wolinsky is the founder of ValueWalk.com, a popular value investing and hedge fund focused investment website. Prior to ValueWalk, Jacob was VP of Business Development at SumZero. Prior to SumZero, Jacob worked as an equity analyst first at a micro-cap focused private equity firm, followed by a stint at a smid cap focused research shop. Jacob lives with his wife and four kids in Passaic NJ. - Email: jacob(at)valuewalk.com - Twitter username: JacobWolinsky - Full Disclosure: I do not purchase any equities anymore to avoid even the appearance of a conflict of interest and because at times I may receive grey areas of insider information. I have a few existing holdings from years ago, but I have sold off most of the equities and now only purchase mutual funds and some ETFs. I also own a few grams of Gold and Silver