BHP shareholders call out climate hypocrisy

14 October 2020 BHP shareholders used the mining giant’s annual general meeting today to call out the glaring inconsistency between BHP’s claimed commitment to the Paris climate goals and its plans to increase fossil fuel production. Last month, BHP set new targets to reduce its operational carbon emissions (known as … Read More

BHP’s new emission targets fail to meet 1.5°C ambition

10 September 2020 BHP, one of the 20 largest historical contributors to global greenhouse gas emissions, this afternoon announced targets to reduce its operational emissions by 30% by 2030. This falls short of the ~42% reduction that would be required to align with a 1.5°C pathway from 2020 to 2030, … Read More

Adelaide Brighton investors must demand Paris-aligned targets

19 May 2020 In response to questioning from shareholders at its annual general meeting today, Australian construction material company Adelaide Brighton suggested its weak emission reduction targets could be stepped up to align with the Paris climate goals over the coming year. Investors must now use their position to hold … Read More

Huge gains in investor support for real climate action at Rio Tinto

7 May 2020 37% of Rio Tinto’s shareholders today voted in favour of a shareholder proposal calling on the mining giant to set Paris-aligned targets to reduce its greenhouse gas emissions, including those generated by the use of its products. Given Rio Tinto’s board opposed the proposal, the vote represents … Read More

BHP commits to reaching net-zero emissions by 2050

7 November, 2019 BHP Chair Ken MacKenzie has publicly applauded the European Commission’s proposal to achieve net-zero emissions by 2050. However, until now it has been unclear as to whether BHP will adopt the same goals. This appears to have resolved at today’s annual general meeting in Sydney, where a … Read More

Rio Tinto investors baulk at climate risk management

9 May 2019 The vast majority of Rio Tinto’s investors – which includes just about every super fund in Australia – today failed to ensure the company acts to manage down its exposure to climate change risk. A Market Forces-coordinated shareholder resolution was put to Rio Tinto’s annual general meeting … Read More