This step, the first of its kind, follows a series of recent steps taken by BHP to become an environmentally friendly company, including carbon capture and storage and other innovations such as direct air trapping.
The Melbourne Australian giant also very quickly left energy coal, which currently accounts for about 5% of its revenues.
Last year, BHP left the World Coal Association (WCA) due to differences in climate change, noting that he wanted to belong only to groups consistent with the climate and energy position of the company.
BHP's emission reduction investments across the value chain reflect Mackenzie’s conviction that trade, science and politics must work together to develop a “multimodal” solution to climate risks.
“Renewable energy, nuclear energy, hydrogen, long-term storage of electricity, coal and gas with carbon capture and storage [CCS], negative emission technologies such as reforestation and biomass with CCS, and other approaches will help reduce carbon emissions” - he noted. ,
The manager cited the case of electric vehicles as an example of the unintended consequences of the so-called "green" technologies.
If these cars simply use energy produced from fossil fuels, then “emissions just move up the chain,” said MacKenzie.
“There are similar trade-offs related to renewable sources,” he added. “Although renewable energy sources are powerful levers for decarbonization, they compete for land that can be used for agriculture and urbanization, or for conservation and recreation.”
The main boss of BHP has completed his presentation, noting that, although the price for combating global warming is high, the cost of abandoning this will be even higher.
