BHP has abandoned major renewable energy projects that would have cut its emissions this decade, a move inconsistent with climate science and the Climate Accord that will make it harder for Australia to meet its obligations as the nation's largest mining company walks back its own targets.
BHP is also one of the world's biggest polluters, among a small cohort of global corporations responsible for the majority of greenhouse gas emissions.
The Greens warn this is the inevitable risk of leaving climate action to the free market, where companies prioritise profit over planet.
The government's forthcoming 2035 emissions reduction targets, including more granular plans for sectors such as resources, must chart a clear pathway to net zero that holds major polluters to account.
As stated by Australian Greens spokesperson for resources, Senator Steph Hodgins-May:
"Fossil fuel giants are stepping back from decarbonisation the moment it cuts into their profit margins.
"BHP is one of the world's largest polluters, yet it has chosen to abandon projects that would have slashed its emissions. This decision flies in the face of climate science and the Climate Accord which BHP claims to support.
"As one of Australia's largest companies, BHP is dragging us backwards on meaningful climate action. It makes it all the more worrying that fossil fuel giants have such a tight grip over government.
"We have the technology and solutions ready to go. What is missing is political and corporate willpower. Decarbonisation projects create jobs and investment, but BHP is more interested in protecting short-term shareholder profits.
"On the eve of our 2035 targets being set, Australians are still waiting for bold leadership from the government that reins in out-of-control polluters and sets a genuine pathway to net zero."
