BRIEFING FOR BUSINESSES

The briefing advocates for a Fossil Fuel Non-Proliferation Treaty based on three pillars: non-proliferation of new fossil fuels, a fair phase-out of existing production, and a global just transition. It positions the treaty as a necessary supply-side complement to the Paris Agreement, arguing that current production plans exceed the 1.5°C carbon budget. The document outlines a business case for support, citing risks such as stranded assets and increased climate litigation, while proposing specific actions for companies, including public advocacy and the implementation of absolute emission reductions.

• Fossil fuels are the primary driver of the climate crisis, accounting for 86% of carbon dioxide emissions over the last ten years according to the IPCC. Current global production plans for coal, oil, and gas are more than double what is compatible with a 1.5°C limit.
• The proposed Fossil Fuel Non-Proliferation Treaty is built on three core pillars: ending all new exploration and production (non-proliferation), phasing out existing production fairly and equitably with wealthy nations transitioning fastest (fair phase-out), and enabling a global just transition for workers and communities through renewable energy access and economic diversification.
• The treaty is designed to complement the Paris Agreement by specifically addressing the supply-side of fossil fuels, whereas the Paris Agreement focuses on demand-side elements.
• The initiative has gained support from a wide array of stakeholders, including over 80 major cities (such as London, Paris, and Sydney), 101 Nobel laureates, more than 3,000 scientists and academics, and 600+ parliamentarians from 82 countries.
• For businesses, supporting the treaty helps mitigate physical risks from extreme weather and transitional risks such as political lock-in or the creation of stranded assets. It also provides clarity for net zero commitments, which are currently challenged for relying on unproven technologies and failing to address the root cause of emissions.
• Businesses are encouraged to take specific actions: making public statements of support, participating in coordinated advocacy, showcasing best practices in reducing fossil fuel dependence, and engaging in stakeholder convenings.

APA

Fossil Fuel Non-Proliferation Treaty Initiative (2023). BRIEFING FOR BUSINESSES. https://www.fossilfueltreaty.org/s/BriefingforBusinessesFossilFuelTreaty.pdf

Chicago

Fossil Fuel Non-Proliferation Treaty Initiative. BRIEFING FOR BUSINESSES. 2023. https://www.fossilfueltreaty.org/s/BriefingforBusinessesFossilFuelTreaty.pdf.

Wikipedia

{{cite report |author=Fossil Fuel Non-Proliferation Treaty Initiative |title=BRIEFING FOR BUSINESSES |date=May 2023 |url=https://www.fossilfueltreaty.org/s/BriefingforBusinessesFossilFuelTreaty.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{fossilfuelnonproliferationtreatyinitiative2023briefing, author = {{Fossil Fuel Non-Proliferation Treaty Initiative}}, title = {{BRIEFING FOR BUSINESSES}}, institution = {Fossil Fuel Non-Proliferation Treaty Initiative}, year = {2023}, month = may, url = {https://www.fossilfueltreaty.org/s/BriefingforBusinessesFossilFuelTreaty.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }