DivestInvest – The Carbon Underground 200TM

Divesting the S&P 500 of Fossil Fuels, Re-investing in the Broad Markets


Rank Coal Company Coal Gt CO2
1 Coal India 43.104
2 Adani Enterprises 27.809
3 China Shenhua Energy 23.143
4 Inner Mongolia Yitai Coal 11.756
5 China Coal Energy 9.492
6 Mechel 9.483
7 Exxaro Resources 9.433
8 Public Power 9.339
9 Glencore 8.692
10 Peabody Energy 8.059

Rank Oil & Gas Company Oil & Gas Gt CO2
1 Gazprom 44.069
2 Rosneft 16.776
3 PetroChina 8.066
4 ExxonMobil 7.960
5 Lukoil 7.115
6 BP 6.388
7 Royal Dutch Shell 4.995
8 Petrobras 4.349
9 Chevron 4.045
10 Novatek 3.928


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All companies in the Carbon Underground 200 are investable as of January 31, 2015. The rankings are based on calculated carbon emissions data using reserves reported as of October 31, 2014. The ranking are adjusted for company mergers and acquisitions as of January 31, 2015.

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