Ninety companies are responsible for two-thirds of the harmful emissions generated since the industrial age began. All are oil, gas, coal or cement companies. They control five times as much oil, coal and gas as it is safe to burn; in other words, 80 percent of their reserves must be locked away underground to avoid a catastrophe. This tiny number of large companies, lobbying to prevent government action on climate change, are at the heart of our current carbon-intensive model destroying the planet. Climate action should therefore focus on a narrow objective: Shrinking the market capitalisation of the companies most responsible for climate change and limiting their access to capital, thereby stifling their ability to exploit reserves and grow.
Posted on: Sun, 20 Apr 2014 12:45:42 +0000
Trending Topics
Recently Viewed Topics
© 2015