womens adidas originals Adidas and 70 Other Companies Call on Governments to Cap Carbon
Phillips writes: “Royal Dutch Shell, Adidas, Unilever, and some 70 other companies released a communiqu urging world governments to keep carbon emissions since the industrial revolution to a cumulative of 1 trillion metric tons.”
Even Shell Oil is calling for carbon caps. This is the emissions cap needed to keep warming below two degrees Celsius and avoid catastrophic impacts of climate change, according to the latest Intergovernmental Panel on Climate Change (IPCC) report, which for the first time calls for a trillion ton cap. We have already surpassed the halfway mark and are somewhere around 578,935,750,000 tonnes of carbon at the moment. If the current rate of emissions keeps up, the limit will be passed within three decades.
The statement was released by the Prince Charles’s Corporate Leaders Group on Climate Change, a group of companies brought together by the heir to the British throne and managed by the University of Cambridge. The statement is asking for a timeline to reduce emissions to net zero by 2100. public financing for new coal fired power plants overseas and the World Bank and the European Investment Bank similar announcements as evidence of a growing international effort to limit emissions.
Coalitions such as this one or the United States Climate Action Partnership (USCAP) represent powerful voices from influential emitters, but their ability to enact actual change comes far less from words and more from actions. emissions of 80 percent 86 percent of 2005 levels by 2020. According to Shell’s website, they reduced direct GHG emissions from facilities they operate by just under three percent from 2011 to 2012, to 72 million tonnes of CO2 equivalent which is approximately the total carbon emissions of Chile in 2010.
A study last year found that just 90 companies are responsible for two thirds of global greenhouse gas emissions since the industrial revolution. These companies, which include Shell, Chevron, Exxon, and other oil and gas companies have the power to do more than endorse government action, but in many cases they fail to do so continuing to pursue the most profitable path forward. Last week Exxon became the first major oil and gas producer to publish a Carbon Asset Risk report to address investor concerns over how market forces and environmental regulations might impact the production of some of its reserves. In the report the company acknowledged the significant risks climate change poses, but determined that it was unlikely that governments would adopt low carbon rules and regulations that would impact their bottom line in the coming decades.