BHP has signed a deal that will see it divest up to US$1.35 billion in metallurgical coal assets in Australia, as the world’s largest miner continues its retreat from fossil fuels. The company will sell its 80% stake in BHP Mitsui Coal (BMC), which operates the...
The International Renewable Energy Agency (IRENA) and the Alliance of Small Island States (AOSIS) have signed an agreement that will seem them work closely to mobilise climate finance and to advance the deployment of renewable energy across Small Island Developing States (SIDS). The signing ceremony took...
Duncan Wanblad has been chosen as the new chief executive of Anglo American, replacing Mark Cutifani who is stepping down after nine years at the helm of the FTSE 100 mining group. The 54-year old South African has spent his whole career at the company and...
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...