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BHPBill commits USD300 million on cleanup
Business Day noted that BHPBill will be cutting it energy use and greenhouse gas emissions over the next five years. The group had committed USD300 million to technology development and internal programmes in order to achieve this. BHPBill's commitment follows hard on decisions by Europe, Japan and Canada at the G-8 summit to halve greenhouse gas emissions by 2050 in order to combat the threat of global warming.
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BHPBill -- retirement of John Fast
BHPBill announced today that Chief Legal Counsel and Head of External Affairs, John Fast, would retire from the company early in the new financial year.
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BHPBill -- revised climate change policy
In its revised Climate Change Policy, BHPBill said it believed accelerated action was required to stabilise greenhouse gas concentrations in the atmosphere at levels guided by the research of the Intergovernmental Panel on Climate Change. The policy states that BHPBill "will take action within our own businesses and work with governments, industry and other stakeholders to address this global challenge and find lasting solutions consistent with our goal of zero harm". The four action areas identified in the policy are:
- Understanding emissions from the full life-cycle of our products.
- Improving the management of energy and greenhouse gas emissions across our businesses.
- Committing USD300 million over the next five years to support low emissions technology development, internal energy excellence projects and encourage emissions abatement by our employees and our local communities.
- Using our technical capacity and our experience to assist governments and other stakeholders on the design of effective and equitable climate change policies including market-based mechanisms such as emissions trading.
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BHPBill -- change to board
Mr Chris Lynch will retire from the board on 30 June and from the company early in the new financial year. Mr Lynch is currently Group President Carbon Steel Materials and an Executive Director. An announcement about Mr Lynch`s replacement will be made in due course. Until that time the Chief Executive Officer, Chip Goodyear, will assume the responsibilities of the role.
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