Over the past decade, the four U.S. oil and gas corporations that contributed most to industrial greenhouse gas (GHG) emissions from 1988 to 2015 showered their CEOs with nearly $1.2 billion in compensation.
. Its key findings were dire, but it also lifted up pathways for avoiding the worst outcomes of climate change.that human activities “have unequivocally caused global warming,” with global surface temperature reaching 1.1°C above pre-industrial averages. It stated that “widespread and rapid changes in the atmosphere, ocean, cryosphere and biosphere have occurred” and that human-caused climate change is “already affecting many weather and climate extremes in every region across the globe.
Last month’s dire IPCC warning arrived after a 35-year history of rising alarm from the panel. The IPCC wasin 1988 with the goal of “provid[ing] governments at all levels with scientific information that they can use to develop climate policies.” Today, it’s the definitive global authority on climate change. Thousands of researchers contribute to the IPCC’s regular assessments, based on collective and cooperative analysis of the mass of scientific literature.
With this urgent need to change course and keep oil, gas and coal in the ground, there’s a gaping problem: Our global capitalist system remains dominated by the profit motive and the rule of corporate power, with Big Oil corporations and many governments ignoring the IPCC’s pleas. Indeed, over the past decade, as the urgency of the climate crisis has intensified, fossil fuel corporations have continued to rake in huge profits while rewarding their top executives with lavish pay.
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