36 Companies Account for Half of Global CO₂ Emissions in 2023

A recent analysis by the Carbon Majors project reveals that in 2023, half of the world's carbon dioxide emissions originated from just 36 fossil fuel companies, including major players like Saudi Aramco, ExxonMobil, and Shell, contributing over 20 billion tonnes of CO₂. The report highlights that state-owned companies dominate the emissions landscape, with 16 of the top 20 emitters being state-controlled, accounting for 52% of global emissions. Despite clear scientific evidence linking greenhouse gas emissions to climate change, many of these companies, including 93 in total, increased their emissions compared to 2022. Notably, if Saudi Aramco were a country, it would rank as the fourth-largest emitter globally, following China, the US, and India. The report underscores the urgent need for accountability and the reduction of emissions by 45% by 2030 to meet climate targets. Analysts emphasize the necessity of transitioning towards a decarbonized economy to mitigate the worsening effects of climate change.