Barrick Gold CEO says plans to reduce carbon emissions are good for business, not just the environment

Canada News News

Barrick Gold CEO says plans to reduce carbon emissions are good for business, not just the environment
Canada Canada Latest News,Canada Canada Headlines

'It's giving us a return. It'll drop the cost, make us less dependent on the hydrocarbons,' Barrick Gold CEO Mark Bristow told CNBC's Jim Cramer.

  • 📰 CNBC
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 72%

CEO Mark Bristow told CNBC's Jim Cramer on Friday that the company's plans to reduce greenhouse gas emissions will deliver financial benefits internally, in addition to the positive environmental impacts.

"We're not just investing to reduce our gas emissions just to be compliant. It's good for business," Bristow said in an interview onSpecifically, Bristow said that as part of Barrick's roadmap to achieve its 30% reduction goal, the company is assuming a 15% internal rate of return. Known as IRR, it's a financial metric companies can use to determine whether a project is a worthwhile investment.

"It's giving us a return," Bristow said of emissions-cutting initiatives. "It'll drop the cost, make us less dependent on the hydrocarbons."

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CNBC /  🏆 12. in CA
 

I am so hyped for the upcoming minting of DirtyBullNFT! Their potential is through the roof! crypto

Who's watching Barrick $Gold? GOLD Google 'rising wedge chart pattern' and see how this plays out.

Canada Canada Latest News, Canada Canada Headlines



Render Time: 2025-01-13 00:23:27