Public Management

BHP Group dedicates $400 mln to combatting climate change

Thursday, 25 July 2019 17:55
BHP Group dedicates $400 mln to combatting climate change

(Ecofin Agency) - Mining company BHP announced this week, it is investing $400 million over the coming five years to combat climate change. The funds will be used to develop technologies to reduce gas emissions.

According to CEO Andrew Mackenzie (photo), the commercial success of these investments will stimulate willingness and create more innovative partnerships to collectively address climate challenge. He stressed the need to collaborate with all actors in the value chain (shippers, processors and product users).

This investment program comes at a time when PwC invited, in a recent report, major mining companies to take concrete action to combat global warming. According to the structure, which ranks the 40 largest market capitalizations in the mining sector each year, this will be essential to restore confidence in the mining industry. By investing in green strategies, mining giants will transform their reputation as “dirt processors” into “leading builders of economic and social capital.”

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