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WASHINGTON, DC: According to new analysis, 80 percent of global CO2 emissions produced since the Paris Agreement have been the responsibility of 57 corporate and state entities.

Countries and their state-owned companies account for 75 percent of the total while investors make up the rest.

Based on a dataset first established in 2013 by Richard Heede of the Climate Accountability Institute, 78 percent of corporate and state-producing entities have been responsible for over 70 percent of total global fossil fuel and cement CO2 emissions between 1854 and 2022.

China tops the historic list followed by the USSR, Saudi Aramaco, Chevron, Exxon Mobil, Gazprom, Iranian National Iranian Oil Company, BP, Shell and Coal India.

Since 2016, the largest emissions producers are Saudi Aramco, Gazprom, Coal India, National Iranian Oil Company, Rosneft, China National Oil Company, Abu Dhabi National Oil Company, ExxonMobil, Iraq National Oil Company and Shell.

"Richard Heede's landmark Carbon Majors research transformed the landscape of climate accountability by using the fossil fuel industry's own reported production and operation figures to calculate and expose the true scale of its role in the climate crisis,” says Carroll Muffett, president and CEO of the Washington, DC-based Center for International Environmental Law.

Other key findings include:

• Chevron, ExxonMobil, BP, Shell and ConocoPhillips are responsible for 11.1 percent of historical fossil fuel and cement CO2 emissions.

• The top five state-owned companies: Saudi Aramco, Gazprom, the National Iranian Oil Company, Coal India and Pemex (Mexico), are responsible for 10.9 percent of historical fossil fuel and cement CO2 emissions.

• Coal supply has shifted from investor-owned to state-owned entities as the former cut emissions 28 percent from 2015 to 2022 while the latter increased production and subsequent emissions 29 percent.

"The Carbon Majors research shows us exactly who is responsible for the lethal heat, extreme weather, and air pollution that is threatening lives and wreaking havoc on our oceans and forests,” comments Tzeporah Berman, International Program director at Stand.earth and chair of the Fossil Fuel Non-Proliferation Treaty.

Berman claims the producers continue to earn billions of dollars while deflecting the problem with advertising campaigns about being part of a sustainable solution. “These findings emphasize that, more than ever, we need our governments to stand up to these companies,” she adds.
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