Investors back Rio payout cut for climate

Original article by Peter Ker
The Australian Financial Review – Page: 21 : 2-Mar-20

Camille Simeon of Aberdeen Standard Investments says mining companies such as Rio Tinto needs to consider the short-term financial costs of taking action on climate change compared with the long-term cost of inaction. She warns that miners may incur higher costs of capital, stranded assets, reduced demand and lower shareholder returns if they fail to reduce carbon emissions. Ross Illingworth of Kingfisher Capital Partners has praised Rio Tinto CEO Jean-Sebastien Jacques for asking shareholders whether they are willing to accept lower dividends in return for faster progress on reducing emissions.

CORPORATES
RIO TINTO LIMITED – ASX RIO, ABERDEEN STANDARD INVESTMENTS AUSTRALIA LIMITED, KINGFISHER CAPITAL PARTNERS

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