I do not believe it is the exact same corporations, as China is the single largest contributor to emissions right now and they are not very friendly to the idea

I do not believe it is the exact same corporations, as China is the single largest contributor to emissions right now and they are not very friendly to the idea of foreign corporations acquiring a significant foothold in their domestic market. However, I believe this discussion is completely orthogonal to the point I was making. I was not talking about the bulk of emissions coming from developing countries as some kind of moral judgement about developing countries, simply to state that reducing emissions in developed countries would not be enough - which means that reduced consumption in developing countries would be required, which would in turn mean condemning a significant amount of the world's population to perpetual poverty.