We invest in companies that reduce emissions and CO2 pollution from sea shipping, ferries and recreational boats
Large Oceangoing Ships
There are 110,000 cargo ships at sea and they emit more than a billion tons of CO2 a year as they burn the dregs from refineries—heavy tar-like substances called bunker fuel. They also eject sulfur oxides, nitrous oxides, carbon monoxide, heavy metals, and cancer causing polycyclic aromatic hydrocarbons. A typical ship burns 60,000 gallons of fossil fuel every 24 hours and releases more CO2 than 75,000 automobiles.
Recreational Boats
Nearly a million outboard engines are sold each year. They are horribly inefficient and can discharge as much as 25% of their fossil fuel into the atmosphere and water. They do not have pollution controls such as catalytic converters, and they emit carcinogens such as benzene, toluene, and xylene. One gallon of gasoline weighing 6 pounds produces 19 pounds of CO2 when burned in a marine engine.
Why?
90% of all goods traded between nations travel on ships
and