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BHP shareholders strongly support climate planning, as the chief says “a step forward”

London: BHP’s shareholders strongly supported Australia’s mining giant’s climate change strategy as CEO Mike Henry doubled his doubts about so-called “Green Steel.”

A vote at BHP’s annual meeting in London on Thursday morning local time secured 83% support for the climate change roadmap. This is a much stronger result than the knife edge results predicted by some analysts.

Mike Henry, CEO of BHP, talks about the company’s annual shareholders meeting in London.

Miners have some of the industry’s most aggressive emission reduction policies, but activists and some deputy advisers are not convinced that the proposal is ambitious enough.

In a meeting with reporters after the meeting, Henry acknowledged that he had different views on the company’s approach to climate change.

“I think it reflects the dynamics we found ourselves. The world finds ourselves. Urgent action is needed. [but] Many different views on what the action should look like, “he said.

“But even from those who say the plan isn’t going well enough, the plan is a step forward, guiding us in the right direction, and making some new and important commitments or goals for BHP. There is a recognition that it is standing. From within the sector. “

Australian shareholders will vote on the climate change plan at a conference in Melbourne on November 11.

BHP previously set a goal of reducing direct operational emissions by 30% by the end of 2010 and achieving net zero emissions by 2050. Earlier this month, we announced an expansion of our goal to reduce greenhouse gases generated when customers burn. Alternatively, process the raw materials for sale, known as Scope 3 Emissions.

BHP shareholders strongly support climate planning, as the chief says “a step forward”

Source link BHP shareholders strongly support climate planning, as the chief says “a step forward”

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