As a shareholder in BHP, the major Australian mining company, I have received their Annual Report today. It includes their Climate Transition Action Plan (CTAP) which we are asked to vote on.
Photo above is of an experimental electric truck from the Report which might assist in reducing their Scope 1 and 2 emissions. As one of the biggest copper producers in the world investing in BHP is somewhat of a bet on electrification to reduce carbon emissions. But it is also dependent on demand in China.
I abstained on the CTAP vote because I do not think I have enough information to judge the merit of that Plan or even whether such a Plan is necessary. I did vote against the Remuneration Report though as I consider the overall pay levels excessive at such large companies.
Roger Lawson (Twitter: https://twitter.com/RogerWLawson )
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