Just read this and ignore the noise - it will all be fine. Rio Tinto (ASX, LON, NYSE: RIO), the world’s second-largest mining company, has vowed to spend $1 billion over the next five years to reduce its carbon footprint and have “net zero” emissions by 2050. The company, however, has yet to commit to tackle its Scope 3 emissions.
Fortescue Metals Group (ASX: FMG), the world’s fourth-largest iron ore producer, brought forward in June a self-imposed deadline to be carbon-neutral. It now expects to reach such goal by 2040, 10 years earlier than its closest rivals BHP, Rio Tinto and Vale.