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bcsc wrote: " Some of these changes will be funded in part by its climate change fund that will spend $400 million over five years, which BHP announced last year". Doesn't sound to me like they are going to announce a $1.5 B contract for the next year when the entire 5 year committment is only $400 M, and yes I realize it is only funded in part by the climate change fund but I am sure there are many other initiatives as well. But they could surprise me. MidtownGuy wrote: Could only find the nasdaq news release. Nowhere on the BHP web site is there any information about this update, so no idea what time it will occur. But they are 14 hours ahead in Melbourne, so likely after hours for us on Wednesday. 10:00am Thursday there is 8:00pm here Wednesday night, for instance. Perhaps they announce a tie-in in with PYR as per the highlights below. bhp-to-update-on-climate-actions BHP to update on climate actions on Sept. 10 Published Aug 27, 2020 2:14AM EDT Credit: REUTERS/CHRIS HELGREN BHP Group will update on its climate commitments on Sept. 10, Chief Executive Officer Mike Henry told an investor call on Thursday, ahead of its annual general meetings in October. MELBOURNE, Aug 25 (Reuters) - BHP Group BHP.AX will update on its climate commitments on Sept. 10, Chief Executive Officer Mike Henry told an investor call on Thursday, ahead of its annual general meetings in October. * The update will include targets to cut operational emissions by 2030 by reducing its use of diesel and moving to a higher proportion of renewable power as part of a broader commitment to reach net zero emissions by 2050. * BHP will also announce a series of "very tangible actions" related to scope 3 emissions, or the emissions of its customers. BHP sells both iron ore and coal for steel-making, which is among the world's most polluting industries. * It will also update its portfolio assessment, taking into account Paris agreement goals, Henry said. BHP said this month that it would sell or demerge some of its coal mines, including the Mount Arthur thermal coal mine in Australia. * Executive remuneration will also include an element tied to climate change actions, Henry said. * Some of these changes will be funded in part by its climate change fund that will spend $400 million over five years, which BHP announced last year. * BHP's Australian annual general meeting takes place on Oct 14, and its London AGM on Oct. 15. (Reporting by Melanie Burton; Editing by Anil D'Silva) ((melanie.burton@thomsonreuters.com
MidtownGuy wrote: Could only find the nasdaq news release. Nowhere on the BHP web site is there any information about this update, so no idea what time it will occur. But they are 14 hours ahead in Melbourne, so likely after hours for us on Wednesday. 10:00am Thursday there is 8:00pm here Wednesday night, for instance. Perhaps they announce a tie-in in with PYR as per the highlights below. bhp-to-update-on-climate-actions BHP to update on climate actions on Sept. 10 Published Aug 27, 2020 2:14AM EDT Credit: REUTERS/CHRIS HELGREN BHP Group will update on its climate commitments on Sept. 10, Chief Executive Officer Mike Henry told an investor call on Thursday, ahead of its annual general meetings in October. MELBOURNE, Aug 25 (Reuters) - BHP Group BHP.AX will update on its climate commitments on Sept. 10, Chief Executive Officer Mike Henry told an investor call on Thursday, ahead of its annual general meetings in October. * The update will include targets to cut operational emissions by 2030 by reducing its use of diesel and moving to a higher proportion of renewable power as part of a broader commitment to reach net zero emissions by 2050. * BHP will also announce a series of "very tangible actions" related to scope 3 emissions, or the emissions of its customers. BHP sells both iron ore and coal for steel-making, which is among the world's most polluting industries. * It will also update its portfolio assessment, taking into account Paris agreement goals, Henry said. BHP said this month that it would sell or demerge some of its coal mines, including the Mount Arthur thermal coal mine in Australia. * Executive remuneration will also include an element tied to climate change actions, Henry said. * Some of these changes will be funded in part by its climate change fund that will spend $400 million over five years, which BHP announced last year. * BHP's Australian annual general meeting takes place on Oct 14, and its London AGM on Oct. 15. (Reporting by Melanie Burton; Editing by Anil D'Silva) ((melanie.burton@thomsonreuters.com
Published
BHP Group will update on its climate commitments on Sept. 10, Chief Executive Officer Mike Henry told an investor call on Thursday, ahead of its annual general meetings in October.
MELBOURNE, Aug 25 (Reuters) - BHP Group BHP.AX will update on its climate commitments on Sept. 10, Chief Executive Officer Mike Henry told an investor call on Thursday, ahead of its annual general meetings in October.
* The update will include targets to cut operational emissions by 2030 by reducing its use of diesel and moving to a higher proportion of renewable power as part of a broader commitment to reach net zero emissions by 2050.
* BHP will also announce a series of "very tangible actions" related to scope 3 emissions, or the emissions of its customers. BHP sells both iron ore and coal for steel-making, which is among the world's most polluting industries.
* It will also update its portfolio assessment, taking into account Paris agreement goals, Henry said. BHP said this month that it would sell or demerge some of its coal mines, including the Mount Arthur thermal coal mine in Australia.
* Executive remuneration will also include an element tied to climate change actions, Henry said.
* Some of these changes will be funded in part by its climate change fund that will spend $400 million over five years, which BHP announced last year.
* BHP's Australian annual general meeting takes place on Oct 14, and its London AGM on Oct. 15.
(Reporting by Melanie Burton; Editing by Anil D'Silva)
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