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Big Oil’s direct responsibility for the climate emergency

Enrique Dans
Oct 19, 2019 · 3 min read

The upcoming IPO of around 2% of Aramco, Saudi Arabia’s state oil producer, is expected to raise about $40 billion and value the entire company at about $2 trillion, making it the largest initial public offering in history. It also highlights how far we have to go in bringing about the urgent decarbonization of the global economy if we are to have even the slightest chance in dealing with…