An analysis of the 200 largest fossil fuel companies suggests that just 10 shareholders could influence the fate of nearly half of the world’s remaining fossil fuels
Environment
6 August 2022
The Marathon Petroleum Corp’s Los Angeles Refinery in Carson, California Robyn Beck/AFP via Getty Images
Just 10 financial institutions own nearly half of the unburned fossil fuels from the world’s largest fossil fuel companies.
The Carbon Underground 200 is a list of the 200 largest fossil fuel companies, created by FFI Solutions, a sustainable investing firm. Combined, the companies own 98 per cent of known fossil fuel reserves, an amount that would emit 674 gigatons of carbon if burned – nearly triple the global carbon emissions limits needed to constrain global warming within the 1.5°C …
