BHP puts four industry groups on notice after climate policy review [Reuters]
BHP Group Limited American Depositary Shares (Each representing two Ordinary Shares) (BHP)
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Source: Reuters
BHP puts four industry groups on notice after climate policy review MELBOURNE (Reuters) - BHP Group said on Thursday it was considering its membership of four industry associations due to concerns about their climate and energy policies, although it was not yet ready to pull out as some shareholders have demanded. BHP has faced increasing pressure from investors worried that some mineral lobby groups, particularly in Australia, are promoting coal use in contravention of the goals of the Paris climate pact, and have urged BHP to stop funding them. But a majority of BHP shareholders voted against a related resolution at annual general meetings in London and Sydney this year. “We believe that active participation in industry associations provides a leadership opportunity,” BHP said in a report following a review of its association memberships. It identified six material differences on climate and energy policy across four bodies, out of 30 in the report, including the Australian state-ba
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