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China's Younger Steel Industry Slows Net Zero Path, BHP CEO Says [Yahoo! Finance]

BHP Group Limited American Depositary Shares (Each representing two Ordinary Shares) (BHP) 
US:NYSE Investor Relations: bhp.com/investor-centre
Company Research Source: Yahoo! Finance
reach government-mandated decarbonization goals, according to BHP Group Ltd.'s Chief Executive Officer Mike Henry. Most Read from Bloomberg Harassment and Drugs Plagued a Citigroup Division for Years US Homebuyers Expecting $10,000 Savings Face Tough Reality Russia Mourns 133 Killed in Deadliest Moscow Attack in Decades Gucci's China Shock Reverberates Across the Luxury Landscape Putin's Ukraine Plan at Heart of Response to Moscow Attack While certain unique factors have led European steelmakers to make faster plans to carbon neutrality, China may be at a disadvantage in the global race to remove carbon from heavy industry because its blast furnaces are younger and not due for retirement anytime soon, Henry said in remarks prepared for delivery at the China Development Forum in Beijing on Sunday. Steel making accounts for roughly 8% of global carbon dioxide emissions. China produces approximately 50% of the world's steel, with a goal to replace 15% of its output with e Show less Read more
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