A study by environmental NGO Transport & Environment shows that lifetime carbon emissions of a car are so high that investing in carmakers funds almost as much as carbon dioxide per euro as investing in an oil company.
A million euros invested in oil giants Shell, BP, and Exxon Mobil finances around 5,000 tonnes of carbon dioxide. The same amount finances an average 4,500 tonnes in the car sector, the NGO’s calculation based on 2020 data suggested.
