BHP dumps coal for green energy

Original article by Perry Williams
The Australian – Page: 19 : 22-Oct-19

BHP has secured four contracts to supply renewable energy to its Escondida and Spence copper mines in Chile for 15 years. BHP’s 2019-20 half-year accounts will include a $US780m ($1.14bn) provision associated with the cancellation of existing coal supply contracts. The company estimates that the new contracts will displace about three million tonnes of carbon each year from 2022 and reduce energy prices at the two mines by around 20 per cent. BHP recently committed to spending $US400m over five years to minimise climate risks.

CORPORATES
BHP GROUP LIMITED – ASX BHP, MINERALS COUNCIL OF AUSTRALIA, COAL21, AUSTRALASIAN CENTRE FOR CORPORATE RESPONSIBILITY

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