BHP Group Anticipates Uptick In 2024 Carbon Emissions, Remains Committed To 30% Reduction By 2030
Portfolio Pulse from Stjepan Kalinic
BHP Group Ltd (NYSE:BHP) anticipates an increase in carbon emissions for 2024 due to organic growth and lower metal content in extracted ore. Despite this, BHP remains committed to reducing its operational greenhouse gas emissions by 30% from 2020 levels by 2030. The company plans to increase the use of solar power and transition to full-battery electric trucks. BHP also aims to collaborate with steel producers to reduce emissions intensity by 30% by 2030 and is considering ammonia-fueled ships and methane drainage to cut emissions in shipping and coal mining.
June 26, 2024 | 12:40 pm
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BHP Group Ltd anticipates an increase in carbon emissions for 2024 due to organic growth and lower metal content in extracted ore. Despite this, the company remains committed to reducing its operational greenhouse gas emissions by 30% from 2020 levels by 2030. BHP plans to increase the use of solar power and transition to full-battery electric trucks, and aims to collaborate with steel producers to reduce emissions intensity by 30% by 2030.
The anticipated increase in carbon emissions for 2024 may concern investors focused on sustainability, but BHP's commitment to long-term reduction goals and its plans to adopt renewable energy and electric trucks could mitigate negative sentiment. The company's proactive approach in collaborating with steel producers and exploring new technologies also supports its sustainability narrative.
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