Since 1965, over ⅓ of the world's cumulative carbon emissions can be traced back to just 20 fossil fuel companies.
Source: Visual Capitalist
Aramco's operations, Number 1 on the list, have resulted in 59,262 MtCO₂ein carbon emissions since 1965. To put that into perspective, this total is more than six timesChina's emissions in 2017 alone (9,838 MtCO₂e).
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And the market is expected to boom further in the coming years. The report predicts electric car stocks will range from between nine million and 20 million by 2020 and between 40 million and 70 million by 2025. Countries around the world are also attempting to ban the sale of petrol and diesel cars, and are encouraging motorists to go green.
However, electric vehicles are not emissions-free. While these vehicles obviously run on electricity, that electricity typically comes from a mix of emissions-intensive fossil fuels, nuclear energy, and power from renewables. That is, unless you live in country like Norway, which generates virtually all of its electricity from hydropower. But Norway is the exception rather than the rule.