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Reuters
Reuters
Business
By Juliette Portala

G7 company emissions falling short of global climate goal, study shows

FILE PHOTO: Chemical plants and refineries near the Houston Ship Channel are seen next to the Manchester neighborhood in the industrial east end of Houston, Texas, U.S., August 9, 2018. REUTERS/Loren Elliott/File Photo

Companies in the Group of Seven (G7) economies are failing to meet Paris Climate Agreement objectives, non-profit disclosure platform CDP and global management consultancy Oliver Wyman said on Tuesday, based on current corporate pledges to cut emissions.

Under the global 2015 Paris deal, countries agreed to cut greenhouse gas emissions fast enough to limit global warming to 2 degrees Celsius (°C) and aim to keep the rise below 1.5°C, which scientists say would avert some of its worst effects.

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