Which Companies Use the Most Green Energy?
Green energy was once a niche segment of the wider energy industry, but it’s quickly becoming an essential energy source in many regions and nations across the globe.
Based on data from the Environmental Protection Agency (EPA), this infographic by SolarPower.Guide shows the top 50 greenest companies, based on the highest proportion of green energy used in their overall consumption mix.
Leaders in Green Energy Use
As green energy becomes more affordable, some major businesses like Google, Wells Fargo, and Apple are embracing it in a big way.
It also helps that institutional investors are nudging companies in that direction anyways, especially as they become more focused on incorporating environment, social and governance (ESG) into their portfolios.
Here are the top 15 U.S. companies that use the highest percentage of green energy:
|Rank||Company||Green Power use||Annual Green Power Use (kWh)|
|#1||The Estee Lauder Companies Inc.||139%||91,843,084|
|#5||Bank of America||109%||1,855,505,589|
|#6||Church & Dwight Co.||107%||159,445,000|
|#8||The Hartford Financial Services Group||106%||68,835,000|
|#11||State Street Corp.||104%||158,991,503|
Note: The values reflect the amount of green power as a percentage of a company’s total electricity use. Companies that purchase green power exceeding their total organization-wide electricity use will show a value greater than 100%.
Green Energy vs. Renewable Energy
The term “green energy” is often met with confusion by some and is sometimes just referred to as “renewables” by others. So, what is green energy, and how is it different from other sources of renewable energy?
Green energy is a subset of renewable energy and represents those energy sources and technologies that provide the highest environmental benefit. The EPA defines green power as electricity produced from solar, wind, geothermal, biogas, eligible biomass, and low-impact small hydroelectric sources.
Other renewable types of energy exist, but may not be considered fully green, at least as the EPA defines it. For example, while massive hydro projects provide a renewable source of energy, they can also have big impact on the environment. Same goes for non-eligible biomass—a category which includes biomass that may not be close to carbon-neutral.
In addition to the use of green power for operations, major companies are also looking at the bigger picture and setting targets to achieve carbon neutrality.
Here are a few of the major companies that have made climate commitments in the near future:
|Apple||Net Zero Carbon Emission||2030|
|Burger King||Net Zero Operations||2030|
|Microsoft||Net Zero Carbon Emission||2030|
|BBC||Net Zero Carbon Emission||2030|
|Net Zero Value Chain||2030|
|Verizon||Net Zero Carbon Emission||2035|
|Unilever||Net Zero Carbon Emission||2039|
|Pepsi Co.||Net Zero Carbon Emission||2040|
|BP||Net Zero Carbon Emission||2050|
This will undoubtedly impact their overall consumption and the energy mix in the years to come.
Charted: The World’s Biggest Oil Producers
Just three countries—the U.S., Saudi Arabia and Russia—make up the lion’s share of global oil supply. Here are the biggest oil producers in 2022.
Charted: The World’s Biggest Oil Producers in 2022
In 2022 oil prices peaked at more than $100 per barrel, hitting an eight-year high, after a full year of turmoil in the energy markets in the wake of the Russian invasion of Ukraine.
Oil companies doubled their profits and the economies of the biggest oil producers in the world got a major boost.
But which countries are responsible for most of the world’s oil supply? Using data from the Statistical Review of World Energy by the Energy Institute, we’ve visualized and ranked the world’s biggest oil producers.
Ranked: Oil Production By Country, in 2022
The U.S. has been the world’s biggest oil producer since 2018 and continued its dominance in 2022 by producing close to 18 million barrels per day (B/D). This accounted for nearly one-fifth of the world’s oil supply.
Almost three-fourths of the country’s oil production is centered around five states: Texas, New Mexico, North Dakota, Alaska, and Colorado.
We rank the other major oil producers in the world below.
|YoY Change||Share of
|2||🇸🇦 Saudi Arabia||12,136||+10.8%||12.9%|
|36||🇸🇸 South Sudan||141||-7.6%||0.2%|
|51||Other Middle East||210||+1.2%||0.2%|
|54||Other Asia Pacific||177||-10.6%||0.2%|
|55||Other S. &|
Behind America’s considerable lead in oil production, Saudi Arabia (ranked 2nd) produced 12 million B/D, accounting for about 13% of global supply.
Russia came in third with 11 million B/D in 2022. Together, these top three oil producing behemoths, along with Canada (4th) and Iraq (5th), make up more than half of the entire world’s oil supply.
Meanwhile, the top 10 oil producers, including those ranked 6th to 10th—China, UAE, Iran, Brazil, and Kuwait—are responsible for more than 70% of the world’s oil production.
Notably, all top 10 oil giants increased their production between 2021–2022, and as a result, global output rose 4.2% year-on-year.
Major Oil Producing Regions in 2022
The Middle East accounts for one-third of global oil production and North America makes up almost another one-third of production. The Commonwealth of Independent States—an organization of post-Soviet Union countries—is another major regional producer of oil, with a 15% share of world production.
|YoY Change||Share of
|South & Central|
What’s starkly apparent in the data however is Europe’s declining share of oil production, now at 3% of the world’s supply. In the last 20 years the EU’s oil output has dropped by more than 50% due to a variety of factors, including stricter environmental regulations and a shift to natural gas.
Another lens to look at regional production is through OPEC members, which control about 35% of the world’s oil output and about 70% of the world’s oil reserves.
When taking into account the group of 10 oil exporting countries OPEC has relationships with, known as OPEC+, the share of oil production increases to more than half of the world’s supply.
Oil’s Big Balancing Act
Since it’s the very lifeblood of the modern economy, the countries that control significant amounts of oil production also reap immense political and economic benefits. Entire regions have been catapulted into prosperity and wars have been fought over the control of the resource.
At the same time, the ongoing effort to pivot to renewable energy is pushing many major oil exporters to diversify their economies. A notable example is Saudi Arabia, whose sovereign wealth fund has invested in companies like Uber and WeWork.
However, the world still needs oil, as it supplies nearly one-third of global energy demand.
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