this post was submitted on 07 Sep 2023
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That statement is just completely wrong. The correct statement should be '70% of the emissions from oil and cement products can be linked to 100 companies'. And linked means produced here. It also includes the products these companies sell so it also includes: the CO2 of the production of your PC, some of the electricity your PC used, recycling your PC,...
It's basically the 100 biggest oil companies. They themselves make roughly 12% of this pollution, bit that is only made to produce the oil.
Companies are also not just producing CO2. No one is polluting for fun. It's all done to create products for customers. Less products=less co2. Ofc it might be possible to reduce emissions in production, but producing less is the easiest and will be needed, especially ppl from the West. Don't be fooled, even with all the 'greener' industry and all heavy industry moved elsewhere, we still produce multiple times the amount of CO2 per Capita than China or India.
Some more info: https://eu.statesman.com/story/news/politics/politifact/2022/07/26/fact-check-do-100-companies-produce-70-of-greenhouse-gas-emissions/65382311007/