MELBOURNE - BHP Group said on Thursday it was considering its membership of four industry associations due to concerns about their climate and energy policies, although it was not yet ready to pull out as some shareholders have demanded.
But a majority of BHP shareholders voted against a related resolution at annual general meetings in London and Sydney this year. Brynn O’Brien, executive director of ethical investment group Australian Centre for Corporate Responsibility , said BHP’s retention of all its memberships was “an absolutely outrageous position” and one that flew in the face of a big proportion of its shareholders.
BHP said it put the NSW Minerals Council on review because it had argued that affordable, reliable power was more important than emissions reduction, in contrast to BHP’s view which is that the three should be considered on an integrated basis.
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