BHP to invest US$400m to address climate change

31 July 2019

BHP today announced a five-year, US$400m Climate Investment Program to develop technologies to reduce emissions from its own operations as well as those generated from the use of its resources.

BHP CEO Andrew Mackenzie said: “Over the next five years this program will scale up low carbon technologies critical to the decarbonisation of our operations. It will drive investment in nature-based solutions and encourage further collective action on scope three emissions.”

“Commercial success of these investments will breed ambition and create more innovative partnerships to respond collectively to the climate challenge.”

Mr Mackenzie added: “We must take a product stewardship role for emissions across our value chain and commit to work with shippers, processors and users of our products to reduce scope three emissions.”

Other measures announced today include:

Mr Mackenzie concluded: “We require a considered and orderly transition to a lower carbon world, in which resource companies like BHP have both critical expertise and a key role to play.” 

Read Andrew Mackenzie's speech, https://www.bhp.com/media-and-insights/reports-and-presentations/2019/07/evolving-our-approach-to-climate-change.

 

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Source:  BHP - www.bhp.com

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