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The third and final report in the Minerals Council of Australia’s ‘Best in Class: Australia’s Bulk Commodity Giants’ series outlines why the qualities of Australian thermal coal give Australian companies a competitive edge in world markets while supporting jobs, innovation, and regional communities.
In Australia, investor angst has concentrated on BHPâs membership of the Minerals Council of Australia and an associated body called Coal21, which is now known as Low Emission Technology Australia.
BHP reviewed its membership of the minerals council in 2019 and decided to stay, although it did suspend its membership of the Queensland Resources Council in October after it campaigned against the Greens in the state election.
Coal21 was set up to research technology to reduce emissions, in particular carbon capture and storage. CCS is divisive â some critics say it is impractical and a âdangerous distractionâ while other scientists say it will be vital.
‘People are sceptical’: why mining giant BHP wants to get to net zero and how it plans to do it Ben Butler
Fiona Wild knows people don’t believe BHP is serious about taking action on climate change – she gets the letters, some of them in all capitals, accusing the global miner of not doing enough.
Wild is the executive at BHP charged with overseeing the company’s ambitious plan, announced in September, to slash emissions by 30% over the next decade and achieve net zero by 2050.
Over coffee at BHP’s Melbourne headquarters, Wild brims with enthusiasm for the mammoth task ahead. But she understands why Guardian readers – she’s one herself – might not think a company that has made a fortune from fossil fuels is serious when it says it wants to lead the charge towards a decarbonised economy.
Environment by James Morrow
Premium Content  Australia is being warned not to get caught in geopolitical gamesmanship by being forced to keep up with countries making deep emissions reduction pledges they cannot keep in the wake of last week s US-hosted climate summit. The extraordinary thing is people are taking politicians promises as sacrosanct and historical delivery as irrelevant, one senior government source told The Daily Telegraph, noting that without firm commitments from China, the promises of other countries would amount to nothing. With Australia making significant progress against emissions targets versus other nations, analysts are warning that big promises made at international conferences can be more about seeking an economic advantage than Âsaving the planet.