Today's Labour News

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bhpBloomberg reports that BHP is to link a portion of bonus payments for CEO Mike Henry and key leaders to progress by the world’s top miner on lowering greenhouse gas emissions at both its own operations and those of its customers.  

Henry, promoted in January, and others will have 10% of short-term incentive payments tied to measures to curb emissions across its supply chain, including through the use of its iron ore and coking coal in a steel-making sector that accounts for about 7% of all global emissions.  BHP will seek to help the steel industry reduce emissions intensity by 30% by 2030 and aims to support a similar cut of 40% in the maritime sector, the Melbourne-based company said on Thursday in a statement.  The miner’s plans compare to rival Rio Tinto Group’s intention to cut absolute emissions at its operations by 15% by 2030 from 2018 levels.  BHP offered little new detail on its plans to help customers curb their emissions, though reiterated it would invest in the development of new technologies, including carbon capture and storage projects.  The company also acknowledged it faced a complex task to decarbonise its vast truck fleet.

  • Read the full original of the informative report in the above regard by David Stringer at BusinessLive


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