BHP Uncertain Net Zero Emissions Target Will Be Reached By 2050

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Bloomberg News

Greenhouse Emissions,Mining Company,BHP Group

(Bloomberg) -- The world’s biggest mining company, BHP Group Ltd., said it may not reach its goal of cutting greenhouse emissions created by its customers...

-- The world’s biggest mining company, BHP Group Ltd., said it may not reach its goal of cutting greenhouse emissions created by its customers and suppliers to net zero by 2050.“Achievement of this goal is uncertain, particularly given the challenges of a net zero pathway for our customers in steelmaking, and we cannot ensure the outcome alone,” BHP said, referring to its so-called Scope 3 emissions target in an investor presentation Wednesday.

BHP said it’s on track to reach its a goal to slash its Scope 1 and 2 operational emissions by a third by 2030. It achieved this — albeit briefly — during fiscal 2023, but indicated it may see some volatility in its greenhouse gas emissions due to “planned activity and growth at our operations.” “The pathway to net zero will be non-linear as we organically grow our business,” BHP said in the presentation. Cutting emissions would require “significant effort” and collaboration across the mining supply chain, from shipping through to smelting of iron ore.Etobicoke residents plead for help amid rat infestation

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