BHP supports climate change action – is at odds with Minerals Council
But don’t let’s forget that BHP is a big member of the nuclear industry – which claims (incorrectly), that nuclear power is ‘clean’ energy, and the solution to climate change
BHP considering Minerals Council exit over lobby group’s climate policies
Key points:
- BHP under pressure to quit lobby groups that don’t support clean energy target
- Activist group backed by big investors including ANZ, AMP, Australian Super, Blackrock
- Board considering move before next month’s AGM
BHP announced it would review its membership of all industry associations, and publish the findings, by the end of this year.
The review comes hot on the tail of a demand by activist shareholders that the miner sever ties with the council, which successfully advocated for the abolition of the carbon price and is currently lobbying the Federal Government to reject a clean energy target.
“We are aware that some civil society and other organisations believe that, where an industry body advocates for a position which does not align with our own, we should cease to be a member of that industry body,” BHP said in a statement issued overnight.
The activist’s resolution to be tabled at the company’s AGM next month is also calling for BHP to terminate its membership of the World Coal Association which, along with the Minerals Council, is also calling for a rejection of a clean energy target.
The resolution was lodged on Friday, and it appears to have hit on some issues already being discussed in the BHP boardroom…….http://www.abc.net.au/news/2017-09-19/bhp-considering-quitting-minerals-council/8960298
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