ShippingWatch

New report shows oil companies as the seven seas' greatest scourge

According to a new study, much of the pollution in the world’s oceans can be directly linked to the largest oil and gas companies. Saudi Arabian Aramco contributes the most, and French Total is also shown to have a detrimental effect on marine environments. The fossil energy industry bears a huge responsibility for the deterioration of marine life, which is taking place at unprecedented speed.

Photo: Essam Al-Sudani/Reuters/Ritzau Scanpix

In the 50 years leading up to 2015, the 88 largest fossil energy companies have contributed 51 percent of the total acidification of the world’s seas.

Going all the way back to 1880 and looking ahead, the contribution seems even more pronounced. From that perspective, the figure amounts to 56 percent, shows a new study published in scientific journal Environmental Research Letters.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

"Mixed lobbying" hinders Maersk from elite status on climate efforts

Think tank InfluenceMap has mapped out how well global companies like Unilever, Ikea and Maersk are performing in terms of meeting climate requirements and whether their words match their deeds. Ambiguous communication stands in the way of Maersk reaching the top, the think tank explains to ShippingWatch.

Danske Bank makes commitment to CO2 neutral loan portfolio by 2050

By 2050 at the latest, Danske Bank's loan portfolio must be fully CO2 neutral. The bank, which provides loans to shipping as well as the oil and gas sector and also supports the Poseidon Principles, isn't ready yet to set out short-term intermediate targets on the road towards CO2 neutrality.

Further reading

Related articles

Trial banner

Latest news

See all jobs