<|begin_of_text|><|begin_of_text|><|begin_of_text|>New analysis shows 22 of Australia’s largest companies are actively working to undermine the Paris agreement targets, betting shareholders’ money on strategies that assume global climate change action fails.
Investor action group Market Forces says those companies – worth a combined $<wm>7 trillion – have set the bar too high for global emissions to be reduced as per the deal.
Analysis of their latest quarterly reports reveals 22 large companies have used accounting tricks and financial misrepresentations to claim they are making a profit, while claiming to be meeting their targets.
According to the latest available data, the combined value of the companies that are making profits with large promises to reduce emissions has actually grown by $7 per day in the past month due to their efforts.
Investor action group</wm> Market Forces have been conducting a comprehensive evaluation of the big business practices. They say 11 million people