{"id":1206552,"date":"2020-09-10T07:03:00","date_gmt":"2020-09-10T12:03:00","guid":{"rendered":"https:\/\/www.mining.com\/?p=1035167"},"modified":"2020-09-10T07:03:00","modified_gmt":"2020-09-10T12:03:00","slug":"bhp-emissions-reduction-targets-by-2030-fail-to-impress","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1206552","title":{"rendered":"BHP emissions reduction targets by 2030 fail to impress"},"content":{"rendered":"

BHP (ASX, LON, NYSE: BHP) unveiled on Thursday details<\/a> of a revamped strategy to cut operational emissions by 30% by 2030 from this year\u2019s levels, but it stopped short of tackling Scope 3 emissions \u2014 those generated\u00a0indirectly\u00a0when consumers burn or process its oil, coal or iron ore.\u00a0<\/p>\n

The world\u2019s largest miner, which is also one of the biggest carbon emitters<\/a>, will focus on using cleaner forms of power supply as well as taking steps to electrify its diesel-powered truck fleet. The moves aim to eventually reach net zero operational emissions by 2050.<\/p>\n

While BHP\u2019s target is less than perfect, it doubles Rio Tinto\u2019s (ASX, LON: RIO) goals of reducing operational (Scope 1 & 2) emissions to 15% below 2018 levels by 2030.<\/p>\n

\u201cWe are … realistic about the magnitude of the task that the world faces in meeting the Paris goals,\u201d chief executive Mike Henry said in a webcast<\/a>.<\/p>\n

\u201cUnfortunately, today the world is not currently on track … The world will need to increase action if it is to achieve the ambitions of Paris.\u201d<\/p>\n

BHP had already pledged to achieve net zero operational \u2014 scope 1 and 2 \u2014 emissions by 2050<\/a>. It had also said it would bring those emissions below fiscal 2017 levels by the 2022 financial year.<\/p>\n

A study published in May<\/a> showed that eight of the world\u2019s top ten largest mining companies were not doing enough to help\u00a0keep global temperatures from increasing by less than\u00a02\u00b0C a year by 2050.<\/p>\n

Hardest to tackle<\/strong><\/h2>\n

Scope 3 emissions are undoubtedly the hardest to tackle, but since they account for as much as 97% of BHP\u2019s total, and are larger than Australia\u2019s total emissions in 2019 of 532.5 million, stakeholders were expecting more.<\/p>\n

\u201cThe targets fall short of the ~42% reduction that would be required to align with a 1.5\u00b0C pathway from 2020 to 2030,\u201d investors group Market Forces said<\/a>. \u201cPut simply, BHP has deliberately chosen not to meet the Paris Agreement\u2019s ultimate aim of holding warming to 1.5\u00b0C.\u201d<\/p>\n

BHP is the top exporter of coking coal used in steelmaking and number three in iron ore, the raw material for steel.<\/p>\n

The highly polluting process of making steel involves adding coking coal to iron ore to make the alloy, and is responsible for up to 9% of global greenhouse emissions.<\/p>\n

The Melbourne, Australia-based giant recently announced plans to divest some coal assets, including the Mount Arthur thermal coal mine in Australia<\/a>.<\/p>\n

It has also said it would link executive bonuses to concrete steps taken to help the company become carbon-neutral by 2050.<\/p>\n

With files from Bloomberg<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The miner has not set goals to cut its Scope 3 emissions — those indirectly generated by end-users.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[624,1035,2849,369,2857,2640],"tags":[],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1206552"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1206552"}],"version-history":[{"count":8,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1206552\/revisions"}],"predecessor-version":[{"id":1206673,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1206552\/revisions\/1206673"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1206552"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1206552"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1206552"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}