Nigeria has been named as the 25th of the 100 countries increasing fossil fuel emission globally, according to the 2016 carbon majors report, published by the CDP in collaboration with the Climate Accountability Institute.
With the production of 6,491 metric tonnes of carbon dioxide in 28 years, Nigeria has overtaken Venezuela, which is now ranked 26.
China, through use of coal topped the list, followed by Saudi Arabian Oil Company, Russia’s Gazprom and National Iranian Oil Company.
Exxonmobil, Shell, BP and Chevron were also named among the highest emitting investor-owned companies since 1988.
The report stated that more than half of global industrial emissions since 1988 could be traceable to only 25 corporate and state-owned companies for which the Nigerian National Petroleum Corporation (NNPC) is responsible for 71 per cent of global industrial greenhouse gas emissions since 1988.
The new report said the contribution of fossil fuels to global warming had doubled, with 833 gigatonnes of carbon dioxide-equivalent emitted in past 28years, compared with 820 gigatonnes in the 237 years, covering the birth of industrial revolution.
According to the report, fossil fuels are the largest source of anti greenhouse gas emissions in the world.
The report further stated that “If fossil fuels continue to be extracted at the same rate over the next 28 years as they were between 1988 and 2017, global average temperatures would be on course to rise by 4C by the end of the century.
“This is likely to have catastrophic consequences including substantial species extinction and global food scarcity risks.”