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36 Companies Account for Half of Global CO₂ Emissions, Study Finds

New analysis highlights the disproportionate role of major fossil fuel producers in driving the climate crisis, with emissions rising for most in 2023.

Overview

  • The 'Carbon Majors Database' by InfluenceMap attributes over 20 billion tons of CO₂ emissions in 2023 to just 36 companies, representing half of global fossil fuel emissions.
  • State-owned enterprises like Saudi Aramco, Coal India, and CHN Energy are among the largest contributors, with Saudi Aramco alone responsible for 4.38% of global emissions.
  • Private companies such as ExxonMobil, Chevron, Shell, TotalEnergies, and BP collectively produced around 5% of global fossil fuel emissions in 2023.
  • The analysis reveals that 93 of the 169 active companies in the database increased their emissions compared to 2022, despite global climate commitments.
  • Experts and climate leaders stress the urgent need for systemic change, calling for accountability and a shift away from fossil fuel dependency to avoid catastrophic climate tipping points.