World's Largest Companies Cutting Emissions at an Average Yearly Rate of 1.9%. AFP, August 25, 2009. "The world's 100 largest companies are failing to meet scientific recommendations on cutting CO2 emissions to contain global warming, a new study released Tuesday warned. 'We are facing a Carbon Chasm [PDF, 14 pp],' said the study by the Carbon Disclosure Project, an independent organization based in London. 'To cut emissions in developed economies by the required 80% by 2050, we need to see a minimum annual global reduction rate of 3.9%' per year, it said. 'However analysis of reduction targets from the Global 100 companies shows they are currently on track for an annual reduction of just 1.9% percent' per year."
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