Australia’s fuel tax break slowing BHP’s decarbonisation, mining giant’s investors warned
Removal of tax credit would incentivise electrification of truck and rail fleets, Australian Centre for Corporate Responsibility saysGet our breaking news email, free app or daily news podcastA briefing document circulated to BHP investors has warned that the federal government’s fuel tax break is acting as a handbrake on the decarbonisation of the miner’s Australian operations.Earlier this year, a leaked cache of documents obtained by Guardian Australia and the ABC’s Four Corners revealed BHP had halted or delayed key emissions reductions projects, just years after describing climate change as an “existential” threat that required the greatest mobilisation since the second world war. Continue reading...
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Removal of tax credit would incentivise electrification of truck and rail fleets, Australian Centre for Corporate Responsibility says
Get our breaking news email, free app or daily news podcast
A briefing document circulated to BHP investors has warned that the federal government’s fuel tax break is acting as a handbrake on the decarbonisation of the miner’s Australian operations.
Earlier this year, a leaked cache of documents obtained by Guardian Australia and the ABC’s Four Corners revealed BHP had halted or delayed key emissions reductions projects, just years after describing climate change as an “existential” threat that required the greatest mobilisation since the second world war.
Continue reading...
