BHP’s $US400 million climate investment program has set the tone for mining companies to step out of the shadows and face the music.
Renewable energy and mining go hand in hand and will play a vital role in the climate and emission changes facing every business.
BHP will launch a $US400 million ($571.1 million) climate investment program aimed at reducing emissions from its operations and those generated from the use of its resources.
Oil and gas executives are optimistic about company growth within the sector despite threats of cyber security and climate change.
Rio Tinto’s products “have a major role to play in transition to a low-carbon economy”, according to a speech by chairman Simon Thompson.
BHP is set to invest $US6 million ($8.5 million) in Carbon Engineering to support the development of a ground-breaking technology that reduces carbon emissions.
BHP has invested $US6 million ($8.47 million) in Canadian clean energy company Carbon Engineering.
Rio Tinto has reaffirmed its transition to a low carbon future, emphasising it is the only major mining company without coal.
Australia’s largest coal company Glencore has taken the decision to maintain its coal output at current levels “to meet the growing needs of a lower carbon economy”.
BHP is trialling zero-emissions vehicles at the Olympic Dam operation in South Australia in an attempt to reduce exposure to particulate matter.
Rio Tinto chairman Simon Thompson and chief executive Jean-Sébastien Jacques have commented on the importance of tackling climate change issues.
Woodside Energy chief executive Peter Coleman has encouraged large resources companies to take action on preventing climate change and form “a low-carbon society”.
Australian fossil fuel companies will lose billions of dollars through divestment and litigation for climate damages over the coming decade, according to environmental author and founder of 350.org Bill McKibben .
Ken MacKenzie, the recently anointed chairman of BHP, has delivered a speech at the company’s annual general meeting in Melbourne today, while social justice groups gathered outside.
The fifth of a ten part series examining the trends that will drive the mining industry in 2016.
BHP has announced a new building block in its climate change strategy with the announcement of a carbon capture partnership with Peking University.
Australia’s second largest bank, Westpac, will today announce a new commitment to prevent climate change of more than two degrees, however the bank has given no word on reducing its exposure to fossil fuels.
Why is the business world suddenly clamouring for a global carbon tax?
Peabody Energy has agreed to make greater public disclosures in relation to the risks posed by climate changes to businesses after settlement of charges that claim it misled investors and the public
BHP Billiton and GE have partnered together to create solutions to meet growing global resources demand while slashing greenhouse gas emissions.