Tuesday 28 January 2020

‘The atmosphere doesn't care that we are using carbon more efficiently’

The good, the bad and the ugly have returned from Davos, including the parent of Aggregate Industries:


If climate change is indeed "a major priority", it's not enough for LafargeHolcim to reduce its emissions:


LafargeHolcim claims it is "the most ambitious company in our sector and committed to reducing emission levels", but focuses on telling us about emissions per tonne. However, LafargeHolcim's "cost to society" is not determined on a per tonne basis, it is determined on a total CO2 emissions basis – which very nearly matches that of the Philippines and its 100 million inhabitants. As we posted in LafargeHolcim has a way with numbers – CO2 emission numbers, in 2018 the company's 1% efficiency gains were undone by selling 3.5% more cement.