Report Cites Poor Progress by Large Companies on Reducing Emissions
A new report from Thomson-Reuters looks at the world’s 500 largest companies and examines if they are making the emissions cuts necessary to meet science-based climate goals.
According to the report’s finding, these companies are responsible for a massive 10% of global emissions, which is about the same as the entire European Union. Worryingly, their emissions actually increased by 1% from 2010 to 2015, a period in which we needed and wanted to see a 6% drop. Simply said, large companies are not reducing emissions fast enough, and this could spell doom for the global climate.
What isn’t surprising is that many of the worst offenders are fossil-fuel dependent energy companies, particularly those in developing countries where energy usage is growing fast. Here in the United States, the largest emitters were unsurprisingly Duke Energy, a company that operates numerous coal-fired power plants, America Electric Power Company, and petroleum giant, Exxon-Mobil.
For the rest of us at home, a good idea is to buy green energy from local, smaller producers, who often have a much lower carbon footprint than their large, corporate brethren.