Saudi Arabia’s crown prince has announced a target to reach net zero emissions of greenhouse gases by 2060, albeit while stressing the continued importance of hydrocarbons to the global economy. Crown Prince Mohammed bin Salman and his energy minister revealed the plans for Saudi Arabia to...
A group of the world’s biggest mining companies have committed to a goal of net-zero direct and indirect carbon emissions by 2050 or sooner, the International Council on Mining and Metals (ICMM) said. The ICMM’s membership, which is comprised of 28 members that account for one...
The Minerals Council of Australia – which represents the nation’s major mining players including BHP and Rio Tinto – has set a target for the sector to reach net zero carbon emissions by 2050, in a sign of a shifting attitude towards the highly polluting...
Chevron has committed to spend US$10 billion - more than three times the amount previously committed – on renewable energy operations over the next seven years, in a bid to cut its carbon emissions. The latest pledge, which amounts to less than a 10th of Chevron’s...
The UN’s Special Adviser to the Secretary-General on Climate Action Selwin Hart has called for Australia to abandon its coal mining business and to increase its 2030 greenhouse gas emissions reduction target. During a speech recorded for an Australian National University leadership forum, Hart said wealthy...
The Biden administration has approved a large scale solar energy project located in the Californian desert, as part of President Joe Biden’s pledge to develop more renewable energy projects on public lands. The US$550 million Crimson Solar Project will be sited on 2,000 acres of federal...
Anglo American has announced it will separate its South African coal assets into a new business later this year, amid growing calls to ditch the polluting commodity from its ESG-focused investor base. The demerged company, named Thungela Resources, will list on the Johannesburg and London stock...
The International Council on Mining and Metals (ICMM) announced yesterday that Rohitesh Dhawan, former managing director of geopolitical research firm Eurasia Group, has been appointed as the new chief executive of the peak industry body. ICMM described Dhawan as a ‘sustainability specialist with significant experience in...
Freeport-McMoRan chief executive Richard Adkerson has revealed that the mining giant is set to greenlight expansions at several of its US copper mines against a backdrop of rapidly rising demand for the strategic metal. Phoenix-based Freeport is aiming to capitalise on President Joe Biden’s pledge to...
Global classification society DNV GL has proclaimed that ‘priorities are shifting’ in the oil and gas industry after a record 66% of senior professionals reported that their organisation is actively adapting to a less carbon-intensive energy mix in 2021. In addition, some 57% of over 1,000...