The Carbon Disclosure Project says that only 36% of the 291 largest transport firms have set targets to cut carbon, compared with half of the Global 500 Index of companies. The CDP runs a global corporate climate information database and found that and found that Latin American and European firms did best, with 60% and 52% setting targets. CDP attributes the high level of targets in Europe to its carbon trading scheme. Only 9% of the transport firms surveyed reported data on low-carbon investments. CDP says transport accounts for 13% of global emissions and 60% of oil use. Road transport uses about 80% of the sector's oil, while rail uses just 0.5% and aviation some 13%.
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