BHP announced a 5-year, $400-million Climate Investment Program to develop technologies to reduce emissions from its operations as well as those generated from the use of its resources.
BHP Chief Executive Officer Andrew Mackenzie said, “Over the next 5 years, this program will scale up low-carbon technologies critical to the decarbonization of our operations. It will drive investment in nature-based solutions and encourage further collective action on Scope-3 emissions.”
“Commercial success of these investments will breed ambition and create more innovative partnerships to respond collectively to the climate challenge.”
Mackenzie added, “We must take a product stewardship role for emissions across our value chain and commit to work with shippers, processors, and users of our products to reduce Scope-3 emissions.”