5 May 2022 Almost 16% of Rio Tinto’s shareholders today voted against the company’s Climate Action Plan, demonstrating the company must increase the ambition and accountability of its emission reduction efforts. Given the improvements Rio has made on its operational (scope 1 and 2) targets in the last year, the … Read More
South32’s new climate plan won’t include scope 3 targets
29 October 2020 Diversified mining company South32 told shareholders today it would have “something to say” about its huge scope 3 greenhouse gas emissions (those generated from the use of its products) when the company updates its climate policy next year. However, the company isn’t expected to include any clear … Read More
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
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
Media release: Rio faces shareholder revolt over emissions targets
Friday 8 May, 2020: 37% of investors have backed a climate resolution calling on Rio Tinto to set clear targets to cut emissions, including those generated by the-use of its products, or “Scope 3” emissions. While lower than record numbers at Santos and Woodside, the vote is more than six … Read More
Mineral Resources: relying on others to find a solution to the climate crisis
20 November, 2019 Mineral Resources is predominantly an iron-ore miner and mining services company. But the company’s November 2017 acquisition of Energy Resources Pty Ltd means it now holds nine exploration permits for substantial oil and gas projects in the onshore Perth Basin. Today the Mineral Resources board was met … Read More
Fortescue Metals Group falling behind on scope 3 emissions
29 October 2019 One of Australia’s biggest iron ore miners is falling behind its peers when it comes to managing the risks posed by its emissions-intensive value chain. Earlier this year, Fortescue Metals Group CEO Elizabeth Gaines said scope 3 emissions should not be considered in government project approvals processes. … Read More