BHP having a bet each way on climate change – both coal and uranium
BHP has, in the past, always spruiked climate change and carbon pricing – in the knowledge that the nuclear industry was, and is again,putting over the world the lie that uranium/nuclear power is the cure for climate change
BHP says action needed on climate change but won’t rule out coal investments at AGM, ABC Radio The World Today Sue Lannin reported this story on Thursday, November 20, 2014
ELEANOR HALL: BHP Billiton held its annual general meeting in Adelaide today
Its executives have been attempting to explain to shareholders why the company is helping to drive the drastic fall in commodity prices.
BHP Billiton promised to hold a vote for investors in May next year to enable shareholders to have their say on the company’s plans to spin off its less profitable businesses.
But many shareholders at the meeting focused on the environment and BHP Billiton’s record on climate change.
Our resources reporter, Sue Lannin, has been listening in and joins us now. So Sue, what sort of a turnout was there at the AGM today?
SUE LANNIN: Yes, we had many groups attending such as the Australian Conservation Foundation, residents’ groups, and environmentalists from Australia and overseas, which we often see at BHP Billiton AGMs.
And of course BHP is the world’s biggest miner with operations around the world in commodities such as iron ore, coal, copper and uranium……..
SUE LANNIN: For the time being the expansion plans are on hold. BHP Billiton put them on hold for economic reasons but it is doing trials, what’s it’s called leeching trials of the copper and uranium ore.
Now residents and environmental groups are concerned about the trials that are going on and also the existing uranium exports, and BHP Billiton actually admitted there had been an incident a couple of weeks back……..
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