CARBON TAXES

Rio Tinto says carbon pricing justifies emissions cuts

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Original article by Peter Ker
The Australian Financial Review – Page: 15 : 10-Dec-24

Rio Tinto’s decarbonisation general manager Stefan Kwiatkowski estimates that almost half of the mining corporation’s greenhouse gas emissions are covered by "legislative carbon penalty schemes", which include Australia’s safeguard mechanism policy. It estimates that its annual carbon compliance costs as a result of these schemes would be $US300 million per year by 2030 if it did not act to reduce emissions, rising to $US600 million per year by 2040. Rio has committed to halving its emissions by spending up to $US6 billion in the nine years to 2030, while it anticipates many of its decarbonisation projects will generate returns of between 12 per cent and 15 per cent.

CORPORATES
RIO TINTO LIMITED – ASX RIO

Woodside chief steps up call for carbon pricing

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Original article by Glenda Korporaal
The Australian – Page: 22 : 4-Apr-19

Woodside Petroleum CEO Peter Coleman has told the LNG 2019 conference in Shanghai that the industry can take a leading role in reducing global greenhouse gas emissions. Amongst other things, he says LNG can replace fuels that generate higher emissions, including in the road transport and shipping industries. Coleman also argued the case for a global price on carbon, but cautioned that policies aimed at reducing carbon emissions will fail if they are regarded as having a negative impact on jobs and prosperity.

CORPORATES
WOODSIDE PETROLEUM LIMITED – ASX WPL, BHP GROUP LIMITED – ASX BHP, SHELL COMPANY OF AUSTRALIA LIMITED, CHEVRON CORPORATION, HUDONG-ZHONGHUA SHIPBUILDING (GROUP) COMPANY LIMITED

Rusal boss calls for worldwide tax on carbon to curb emissions

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Original article by Barry FitzGerald
The Australian – Page: 18 : 13-Jan-16

Rusal president Oleg Deripaska argues that action to address the issue of climate change requires a global carbon tax. He has proposed that this tax be initially set at $US15 per tonne, while 33 per cent of revenue generated by the tax could be allocated to financing R&D projects in the fields of cleaner energy sources and energy efficient technology. There is widespread support for a carbon tax among Australian mining companies.

CORPORATES
RUSAL, MASSACHUSETTS INSTITUTE OF TECHNOLOGY