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BHP Group is pulling back on key decarbonisation projects in its Western Australian iron ore operations, slowing a climate strategy the miner had once positioned as central to its long-term growth plans, according to leaked internal documents cited by the Guardian and ABC\u2019s Four Corners.<\/p>\n
The documents show the world\u2019s biggest miner shelved a board-approved solar and battery project at its Jimblebar iron ore mine and deferred a system of 500MW solar, wind and battery. BHP also abandoned plans for a lower-emissions iron ore processing facility, that had the potential to prevent 1.7 million tons of emissions a year, according to the report.<\/p>\n
Companies across sectors from banking to airlines and energy producers have taken recent steps to dilute commitments to emissions reduction amid rising costs, a lack of available technologies or political pressure. Rio Tinto Group, BHP\u2019s largest competitor, in December lowered its estimated spending through 2030 on decarbonisation to $1 billion to $2 billion, from a previous estimate of as much as $6 billion.<\/p>\n
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In response to queries from the Guardian and ABC\u2019s Four Corners, the company said it has reduced emissions by 36% on 2020 levels, while warning that critical technologies for a green transition are not ready to be deployed.<\/p>\n
The rollback is likely to intensify scrutiny from investors and environmental groups, who argue that the company\u2019s spending decisions could influence the pace of the nation\u2019s decarbonisation ambitions.<\/p>\n
\u00a9 2026 Bloomberg<\/p>\n<\/p><\/div>\n
#BHP #cuts #green #push #iron #ore #segment #media #report<\/p>\n","protected":false},"excerpt":{"rendered":"
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