Top 50 Emitters Threaten Global Climate Effort, CDP Says
http://www.bloomberg.com/news/2013-09-12/top-50-emitters-threaten-global-climate-effort-cdp-says.html
Growing pollution at 50 of the worlds biggest-emitting companies threatens to undermine global efforts to contain rising temperatures, according to a report by CDP, formerly known as the Carbon Disclosure Project.
Carbon emissions from the 50 top emitters in the FT Global 500, including ArcelorMittal (MT), RWE AG, Wal-Mart Stores Inc. (WMT) and Exxon Mobil Corp., rose an average 1.7 percent a year since 2009 to 2.54 billion metric tons in 2012, the report shows. Those 50 pump out 75 percent of all emissions reported by the Global 500.
The report was compiled at the request of more than 700 investors representing $87 trillion in investments. The annual review is aimed at spurring companies to manage their emissions and protect themselves from the effects of climate change.
Clear scientific evidence and increasingly severe weather events are sending strong signals that we must pursue routes to economic prosperity whilst reducing emissions, Paul Simpson, chief executive officer of CDP, said in a statement. It is imperative that big emitters improve their performance in this regard and governments provide more incentives.