BHP’s climate change stance – $570m pledged
Posted on 24 July 2019
The chief executive of BHP, the world’s largest mining company, has spoken publicly about their stance on global warming, stating that the damage is “indisputable” and drastic action needs to be taken.
“The planet will survive. Many species may not,” Andrew Mackenzie told a business breakfast in London on Tuesday. “This is a confronting conclusion but as a veteran geologist once said, ‘you can’t argue with a rock’.”
Mackenzie has announced that BHP will spend $US400m ($A570m) on a climate investment program with the aim of reducing emissions from its own operations and resources.
The reduction of overall emissions has been a goal of the organisation since the 1990s, but they still have a long way to go; carbon-dioxide emissions directly produced by the company in the 2017/2018 fiscal year were 16.5m tonnes. That is equivalent to gas emissions from 3.5m cars or 4.2 coal-fired power stations in a year.
If you include customer’s use of BHP products, ie. burning of coal and crude oil, the figure shoots up to 596.4m tonnes of carbon dioxide in the same year. That is the equivalent of emissions produced by 126m cars or 153 coal-fired power stations for a year.
BHP has a short-term goal to cap 2022 emissions at 2017 levels, and a long-term goal of achieving net-zero emissions by mid-century.