| Top 200 firms including Gazprom, ExxonMobil, BP and Anglo American hold four to five times more fossil fuels in existing reserves than can be safely burned. The carbon locked up in coal, oil and gas reserves owned by the world’s biggest fossil fuel companies has swollen by 10% in the last five years, despite warnings from the World Bank and others that most existing reserves cannot safely be burned.
The top 200 publicly traded coal, oil and gas companies now hold 555 gigatonnes of CO2 in their fuel reserves, boosted by their continuing efforts to find and develop new reserves. That figure alone is close to the total amount the world could ever emit while keeping global warming below the danger limit of 2C..........................................Full Article: Source
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