BHP urges investors to veto resolution against coal lobbying [Reuters]
BHP Group Limited American Depositary Shares (Each representing two Ordinary Shares) (BHP)
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Source: Reuters
BHP urges investors to veto resolution against coal lobbying - Reuters 2 Min Read MELBOURNE (Reuters) - Mining giant BHP Group Ltd urged shareholders on Thursday to vote against a resolution that would require the company to quit industry groups that lobby for policies inconsistent with the Paris climate change agreement. Several BHP shareholders, including the Church of England pension fund and the Australasian Centre for Corporate Responsibility (ACCR), proposed the resolution to the company this week ahead of its annual general meetings. In its filing, the ACCR noted an inconsistency between BHP’s “climate-aware positioning” and “the oppositional advocacy of its industry associations”, particularly in Australia, the world’s top coal exporter. This included coal friendly positions taken by the Minerals Council of Australia and coal body Coal21, such as calling for government subsidies for coal-fired power stations. BHP said its board would recommend shareholders vote against the res
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BHP
Sec Filings
- 4/18/24 - Form 6-K
- 4/9/24 - Form 6-K
- 4/3/24 - Form 6-K
- BHP's page on the SEC website