SOUTH32 WANTS CLIMATE CLARITY
DIVERSIFIED miner South32 has doubled down on its support for a carbon pricing mechanism, adding its voice to the growing chorus from corporate Australia calling for clear government policy.
“We recognise that policies need to be introduced to address climate change,” the company has said in its annual climate change report.
“We support policy that helps us meaningfully transition to a low-carbon economy, because sharp policy change to avoid climate change and the cost of inaction could impact value for shareholders in the longterm.”
South32 underlined its belief that carbon pricing was an effective mechanism to efficiently reduce carbon emissions. “We support carbon pricing that is globally competitive and broadbased, covering all industry sectors and all possible carbon emission sources,” it said.
“We would like to see the revenue raised from carbon pricing used to support the transition to a low-carbon future.”
The miner said it had reduced emissions by 3 per cent in the year to June.