BHP backs government over Kyoto loophole

Original article by James Fernyhough
The Australian Financial Review – Page: 20 : 24-Sep-19

BHP CEO Andrew Mackenzie is said to have expressed support for the Coalition’s proposal to use Kyoto carryover credits to meet Australia’s carbon emissions reduction targets under the Paris agreement. Sources have confirmed that Mackenzie did so in a private call with institutional investors on 20 September, although a BHP spokesman has declined to comment. The Minerals Council of Australia and the Business Council of Australia also support the use of carryover credits. Mackenzie had advocated greater action to address climate change earlier in 2019.

CORPORATES
BHP GROUP LIMITED – ASX BHP, MINERALS COUNCIL OF AUSTRALIA, BUSINESS COUNCIL OF AUSTRALIA, THE AUSTRALIAN CENTRE FOR CORPORATE SOCIAL RESPONSIBILITY, VISION SUPER PTY LTD, INVESTOR GROUP ON CLIMATE CHANGE, UNITED NATIONS

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