THE PROBLEM WITH FOSSIL FUELS AND THE INDUSTRY NUMBERS AT A GLANCE

The document argues that fossil fuels drive the climate crisis, contributing 86% of CO2 emissions over the last decade, and disproportionately harm marginalized communities and children. It highlights a financial contradiction where G20 nations commit more COVID-19 recovery funds to dirty energy than clean energy, despite renewables offering significantly higher investment returns in the US, UK, Germany, and France. The text further details the industry's history of climate denial, its role in international conflicts, and the risk of $900 billion in stranded assets if 1.5C targets are pursued. Finally, it notes the scale of fossil fuel subsidies, totaling $11 million per minute, and links the industry to human rights abuses and failed job creation promises in regions like Mozambique.

• Fossil fuels are the primary driver of the climate crisis, accounting for 86% of CO2 emissions in the last ten years, with 90 companies responsible for nearly two-thirds of greenhouse gases since the Industrial Revolution.
• The fossil fuel industry poses significant public health risks, particularly for children and marginalized groups; air pollution from fossil fuels caused approximately 8 million deaths in 2018, and children under 5 bear over 88% of the burden of climate change.
• Renewable energy investments have consistently outperformed fossil fuel investments over five-year periods in the US, UK, Germany, and France, while the 'big oil' industry spent only 1% of its combined budget on green energy in 2018.
• Global financial commitments remain skewed toward fossil fuels, with G20 nations allocating over $230 billion in COVID-19 recovery funds to dirty energy compared to less than $150 billion for clean energy, and global subsidies reaching $11 million per minute.
• The transition to a low-carbon economy threatens the financial stability of fossil-fuel-reliant countries, with potential government revenue drops of 51% and over $2 trillion in stranded assets in Africa.

APA

Fossil Fuel Non-Proliferation Treaty Initiative (n.d.). THE PROBLEM WITH FOSSIL FUELS AND THE INDUSTRY NUMBERS AT A GLANCE. https://www.fossilfueltreaty.org/s/Theproblemwithfossilfuelsnumbers.pdf

Chicago

Fossil Fuel Non-Proliferation Treaty Initiative. THE PROBLEM WITH FOSSIL FUELS AND THE INDUSTRY NUMBERS AT A GLANCE. n.d. https://www.fossilfueltreaty.org/s/Theproblemwithfossilfuelsnumbers.pdf.

Wikipedia

{{cite report |author=Fossil Fuel Non-Proliferation Treaty Initiative |title=THE PROBLEM WITH FOSSIL FUELS AND THE INDUSTRY NUMBERS AT A GLANCE |url=https://www.fossilfueltreaty.org/s/Theproblemwithfossilfuelsnumbers.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{fossilfuelnonproliferationtreatyinitiativendproblem, author = {{Fossil Fuel Non-Proliferation Treaty Initiative}}, title = {{THE PROBLEM WITH FOSSIL FUELS AND THE INDUSTRY NUMBERS AT A GLANCE}}, institution = {Fossil Fuel Non-Proliferation Treaty Initiative}, url = {https://www.fossilfueltreaty.org/s/Theproblemwithfossilfuelsnumbers.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }