trending Market Intelligence /marketintelligence/en/news-insights/trending/YNedG0Sy_0PKJspEsCL0CQ2 content esgSubNav
In This List

BHP mulls exit from World Coal Association, US Chamber of Commerce

Video

S&P Capital IQ Pro | Powering Your Edge

Video

S&P Capital IQ Pro | Unrivaled Sector Coverage

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Enterprises are missing out on 24B by not optimizing cloud spending not going multicloud


BHP mulls exit from World Coal Association, US Chamber of Commerce

BHP Billiton Group made a preliminary decision to leave the World Coal Association and is mulling an exit from the U.S. Chamber of Commerce over differences in climate and energy policy.

The company published a report that assessed 21 industry associations that hold an active position on climate and energy policy, with the review focused on 10 climate and energy policies identified as being of key importance for BHP.

BHP identified seven material differences on climate and energy policy, including emissions reduction targets, the Paris Agreement, the introduction of a carbon price, and restrictions on global warming, across three associations, namely the WCA, the Chamber and the Minerals Council of Australia.

The mining giant said Dec. 19 that it will invite responses from the WCA. It will also seek additional information from the Chamber about the differences before making a final decision over its future membership by March 31, 2018.

BHP noted that it will remain a member of the Minerals Council of Australia, but will continue to review its membership after communicating the identified material differences to the MCA board.