GREENHOUSE GAS MITIGATION

Energy secretary backs nuclear, attacks net zero

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Original article by Colin Packham
The Australian – Page: 4 : 19-Feb-25

The Coalition’s plan to build seven nuclear power stations if it wins the upcoming federal election has received tacit support from the US Energy Secretary, Chris Wright. He has told the Alliance for Responsible Citizenship conference in London that he would love to see Australia embrace uranium, but he says the federal government will need to shrug off its ideological opposition to the energy source. Wright adds that the net zero emissions target of 2050 is a "sinister goal" that has had tremendous costs and no benefits.

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UNITED STATES. DEPT OF ENERGY

ALP’s workaround to cope with a new political climate

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Original article by Greg Brown, Colin Packham
The Australian – Page: 1 & 5 : 22-Jan-25

US President Donald Trump signed a number of climate-related executive orders on the first day of his second term in office. They included the formal withdrawal of the US from the Paris climate agreement, the abolition of electric vehicle subsidies and an expansion of the fossil fuel sector. Meanwhile, Prime Minister Anthony Albanese said he would not offer a "running commentary" on Trump’s domestic policy agenda; he added that Australia will not make any major policy changes in response to Trump’s election, including on climate change. However, the government has flagged the possibility of working directly with US states that are controlled by the Democrats regarding climate initiatives.

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UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

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.

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RIO TINTO LIMITED – ASX RIO

Green transition tailwind at our backs: Rio and BHP

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Original article by Cameron England
The Australian – Page: 20 : 2-Oct-24

Rio Tinto Jakob Stausholm says the energy transition is at the heart of the resources group’s strategy. He has used a London Metals Exchange speech to argue that while the transition to net zero emissions is underway, it is not occurring quickly enough; he adds that the energy transition will significantly boost demand for the minerals that Rio Tinto produces, including copper, aluminium, lithium and high-grade iron ore for ‘green’ steel. Meanwhile, BHP has forecast that the energy transition will boost global demand for copper.

CORPORATES
RIO TINTO LIMITED – ASX RIO, BHP GROUP LIMITED – ASX BHP, LONDON METAL EXCHANGE LIMITED

Microwave the way for Rio Tinto to go low-carbon

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Original article by Peter Ker
The Australian Financial Review – Page: 19 : 5-Jun-24

Rio Tinto will invest $215m in a microwave facility at its BioIron project in Western Australia. The plant is slated to produce one tonne of direct reduced iron per hour, and is part of the resources group’s push to reduce the carbon-intensity of steel-making. The BioIron plant will use microwave technology rather than traditional blast furnaces to produce steel, using a combination of Pilbara iron ore and biomass waste. Rio Tinto executive Simon Trott says the plant has been specifically designed for Pilbara iron ores.

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RIO TINTO LIMITED – ASX RIO

Rio bows to pressure on green steel spending

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Original article by Brad Thompson
The Australian Financial Review – Page: 16 : 20-Mar-24

Iron ore accounted for nearly 70 per cent of Rio Tinto’s total scope 3 emissions of 578 million tonnes in 2023. The resources group has advised that it will provide increased disclosure of its expenditure on initiatives aimed at reducing scope 3 emissions, including ‘green’ steel projects. Rio Tinto has been under growing pressure from groups such as Fidelity International and the Australian Council of Superannuation Investors to improve its disclosures. Daniela Jaramillo from Fidelity says this has been a priority in talks with Rio in recent years.

CORPORATES
RIO TINTO LIMITED – ASX RIO, FIDELITY INTERNATIONAL PTY LTD, AUSTRALIAN COUNCIL OF SUPERANNUATION INVESTORS INCORPORATED

Former PM Tony Abbott says climate warnings are ahistorical and implausible

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Original article by Josh Butler
The Guardian Australia – Page: Online : 2-Nov-23

Former prime minister Tony Abbott has used a speech in London to express his view that voters will continue to prioritise issues such as the rising cost of living and energy price over emissions reduction. Abbott also questioned the theory of anthropogenic global warming, arguing that in its more extreme forms it is both "ahistorical and utterly implausible". He also criticised the "emissions obsession" and contended that the "climate cult" will eventually be discredited. Abbott was speaking at the launch of a new report on energy security from the Institute of Public Affairs, a right-wing Australian think tank.

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INSTITUTE OF PUBLIC AFFAIRS LIMITED

‘Existential crisis’: United States and China stun COP26 with joint climate change pact

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Original article by Nick O’Malley, Bevan Shields
The Sydney Morning Herald – Page: Online : 11-Nov-21

The COP26 climate summit in Glasgow has received a major boost after the US and China issued a joint statement in which they committed to "concrete and pragmatic" co-operation to address the issue of climate change. They declared climate change to be an "existential crisis" that requires them to work together. China’s climate envoy Xie Zhenhua stressed the need to actively address climate change for the benefit of both nations and the entire world. US climate envoy John Kerry has described the joint declaration as a "roadmap" for the nations’ present and future collaboration on climate change.

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News Corp’s Andrew Bolt says his company’s climate campaign is rubbish

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Original article by Amanda Meade
The Guardian Australia – Page: Online : 13-Oct-21

News Corp Australia’s recently launched ‘Mission Zero’ editorial campaign on climate change has been criticised by one of the media group’s highest-profile commentators. Sky News presenter and newspaper columnist Andrew Bolt has decribed the campaign as ‘rubbish’ that asks readers to forget News Corp’s previous stance on reducing carbon emissions. Australian Conservation Foundation CEO Kelly O’Shanassy says Bolt has no credibility regarding climate change; O’Shanassy has welcomed News Corp decision to embrace the need for action on the issue.

CORPORATES
NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, AUSTRALIAN CONSERVATION FOUNDATION INCORPORATED

Forrest joins Gates’ climate venture fund

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Original article by Brad Thompson
The Australian Financial Review – Page: 15 : 5-Jul-21

Andrew Forrest has joined a number of well-known billionaires in investing in Breakthrough Energy Venture, a venture capital fund chaired by Microsoft’s co-founder Bill Gates. BEV will focus on emerging greenhouse gas-reducing technologies, and it has made initial investments in 46 companies across sectors such as electricity, transport and construction. The billionaires who have initially invested in BEV all made a minimum investment of at least US50 million ($66 million).

CORPORATES
MICROSOFT CORPORATION, BREAKTHROUGH ENERGY VENTURES