News Formal

Small set of common ESG standards should govern access to capital for critical minerals investment

  • 📰 MiningWeeklyAUS
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 63%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

BHP CEO Mike Henry has called for a “small set of common standards” covering environmental, social, and governance (ESG) to underpin the access to capital required to unlock investment in the critical minerals needed for the transition to electric vehicles and renewable energy generation. Speaking at the International Energy Agency’s (IEA’s) inaugural critical minerals summit in Paris, France, Henry argued that there were currently too many standards for the same ESG dimensions.

has called for a “small set of common standards” covering environmental, social and governance to underpin the access to capital required to unlock investment in the critical minerals needed for the transition to electric vehicles and renewable energy generation.

Using copper as a case study, BHP estimated that about $250-billion in growth capital to 2030, in addition to sustaining capital, was needed to support the decarbonisation needed for a “plausible 1.5 degrees scenario”. “We need a small set of common standards, upheld by all, and where performance against those standards is a greater and increasing determinant of access to capital.”Miners, he added, should be granted access to resources based on the value they create, including for host communities and First Nations peoples.

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:

 /  🏆 233. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Short sellers mount attack on ESG stocks bloated from green hypeHedge fund managers are piling into short positions in ESG stocks as they hunt for bogus green claims and valuations inflated by record stimulus.
Source: mining - 🏆 449. / 53 Read more »