BHP Barrier Reef funding

 BHP Billiton has pledged to provide funding to protect the Great Barrier Reef.

The miner’s announcement that it will donate millions over the coming weeks comes as concerns are raised over the potential damage increased port activity from the mining boom may cause, according to the Sydney Morning Herald.

There have recently been protests over LNG developments at the Port of Gladstone, with activists saying that it poses a risk to the reef.

Currently the Great Barrier Reef is at risk of losing its world heritage status, with the World Heritage Committee noting "extreme concern" over the approval of LNG developments, according to the ABC.

BHP is amongst a number of coal miners looking to expand port facilities at Hay Point and Abbot Point, as well as building new ports at Dudgeon Point and Wiggins Island.

BHP claims that these new works at Abbot Point will not affect the Barrier Reed, adding that it is "finalising an agreement to provide substantial funding” to a private group known as the Great Barrier Reef Foundation.

The miner has previously donated more than $3 million to the Foundation, however it declined to state the amount it has provided for this donation.

The Foundation’s chairman, John Schubert, is also a director of BHP Billiton.

 

Image: www.greatbarrierreef.org

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