electricclarke:

“The [Carbon Majors] report found that more than half of global industrial emissions since 1988…can be traced to just 25 corporate and state-owned entities. The scale of historical emissions associated with these fossil fuel producers is large enough to have contributed significantly to climate change.”

“ExxonMobil, Shell, BP and Chevron are identified as among the highest emitting investor-owned companies…If fossil fuels continue to be extracted at the same rate over the next 28 years as they were between 1988 and 2017…global average temperatures would be on course to rise by 4C by the end of the century. This is likely to have catastrophic consequences including substantial species extinction and global food scarcity risks.

”While companies have a huge role to play in driving climate change, says Faria, the barrier is the ‘absolute tension’ between short-term profitability and the urgent need to reduce emissions.“

Here’s the report