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Readers respond to the report revealing the 20 biggest polluters responsible for a third of all global carbon emissions

1. Your article (Revealed: the 20 firms behind a third of all global carbon emissions, 10 October) highlights the biggest polluters and contributors to the climate crisis over the last half-century – the “uncooperative crusties” of capitalism. It is these companies that are standing in the way of progress. But we shouldn’t just look at the carbon they have pumped into the atmosphere, but also the money – our money, in banks and pension funds – that they have invested and the power that huge amount of capital gives them. They can choose to either transform their businesses into something positive for the planet or to extend the shelf life of a carbon-based business model well past its best-before date.

This week, the Treasury select committee asked me, ShareAction and the UK Sustainable Investment and Finance Association what investors can do about the oil and gas industry. My answer was that we need to use more than just persuasion. Our money can shape the strategies of these companies directly. Savvy investors should back those that respond to change, not the ones who deny the urgency.
At this week’s Extinction Rebellion protests I spoke at the event called The Future is Here. It was inspiring to meet so many people thinking about how they can use their resources to deliver net zero. The future is now for the large energy companies, and it is time to make our money matter in the fight against a climate emergency.
Bruce Davis
Founder and joint managing director, Abundance Investment

2. It is right that the world’s oil firms have been called out (Secretive assets: Most reserves are held by state-owned firms, 10 October). Environmental groups and activists have been pointing this out for more than 20 years, and the response from governments has usually been a shrug. Now that, thankfully, climate activism has become mainstream and the big polluters have been outed, we must welcome them into the fold and make it politically easier for them to adjust their activities. It could be a time of exciting cooperation and inventiveness.
And let us not forget that each one of us must take responsibility for our use of fossil fuels; put flying at the back of the queue as the transport of last resort. Train travel within Europe is fast and comfortable. People will soon adjust. We just have to.
Val Mainwood
Wivenhoe, Colchester

https://www.theguardian.com/environment/2019/oct/10/where-the-blame-lies-for-the-climate-crisis