News ID: 206466
Published: 0527 GMT December 19, 2017

BHP says likely to quit global coal lobby group

BHP says likely to quit global coal lobby group

Global miner BHP Billiton said on Tuesday it has taken a preliminary decision to quit the World Coal Association citing disagreement over climate change, and might also withdraw from the US Chamber of Commerce over mining industry rules.

BHP, which has largely quit mining coal for power plants but is the world's largest exporter of coal for steel-making, said it would seek responses from the World Coal Association over policy differences before making a final decision on whether to quit in March 2018, Reuters reported.

The miner came under pressure from Australian green groups earlier this year to pull out of any industry groups whose policies did not match the company's support of the Paris climate accord.

BHP said the association's policy conflicted with its view that energy markets should be fuel- and technology-neutral and take into account costs and benefits.

Likewise, it plans to decide by March whether to withdraw from the US Chamber of Commerce, of which BHP has been a member of since 2011.

BHP highlighted the chamber's opposition to a US rule introduced in 2016 requiring resource companies to disclose all their payments to governments, as an area of difference with the company. BHP supported the rule.

The company also said it would press the Minerals Council of Australia to review its promotion of coal in Australia's energy policy and would reconsider its membership in a year's time if changes weren't made.

   
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