Major coal company leaves industry group over climate change
The world’s second largest mining company has conducted a review of 21 industry associations and their positions on climate and energy policies. As a result, B.H.P. Billiton has released a report announcing its plans to withdraw from the World Coal Association (WCA).
The report states that were “seven material differences in position” with the WCA, and also with the The Minerals Council of Australia (MCA) and The United States Chamber of Commerce. While B.H.P. says it will remain a member of the MCA, the company has set forth plans to formally communicate the differences in opinion and will “request that the MCA refrain from policy activity or advocacy in these areas.”
B.H.P. will further investigate the nature of the differences between itself and The Chamber of Commerce while considering the future of its membership. In addition, the group will notify the World Coal Association of their intent to exit, and will invite responses from the organization before making a final decision on March 31, 2018.
B.H.P.’s Chief External Affairs Officer Geoff Healy said that the publication of this report demonstrates the company’s support for action on climate change and commitment to transparency.
“Active participation within industry associations is an opportunity for BHP to improve its own performance and to support industry as a whole in making a positive contribution,” said Healy.
“This review makes clear the principles for our ongoing participation in industry bodies. While we won’t always agree with our industry associations, we will continue to call out material differences where they exist and we will take action where necessary, as we have done today.
B.H.P. says it will continue to be straightforward with investors, governments, and civil society on the company’s stance on climate and energy policy. The group will also continue to communicate their environmental standards to industry associations, and hopes to positively influence ethical investments in the future.