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Chemicals Investor Statement on EU Chemical Companies

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We are deeply concerned that major European chemical companies are not moving fast enough to help the world keep global warming to 1.5C. The United Nations Environment Programme (UNEP)’s recent report ‘The Emissions Gap’ showed that the window of opportunity to address the climate crisis is closing.

The report calls for an urgent system-wide transformation to avoid climate disaster. Recent analysis by Carbon Brief supports the call for urgent action; it suggests the 1.5C carbon budget may now be exhausted in as little as six years.