Rio Tinto raps Australian lobby group for coal support

Hellenic Shipping News | Mar 27, 2020 at 12:00 AM
  • Rio Tinto (RIO.L) (RIO.AX) said on Thursday it had found several cases where Australia’s biggest mining industry body advocated for thermal coal in contravention of 2015 Paris climate goals.
  • Rio Tinto laid out its expectations for the industry associations that it funds last April to ensure that their policy on climate change and energy advocacy was consistent with the miner’s own, as well as the Paris Agreement which aims to limit global warming to “well below” 2 degrees Celsius.
  • The review comes as investors ramp up pressure on major carbon-linked companies to drop support for thermal, or energy coal, which can be substituted for renewable energy, if the world is to meet the Paris climate accord goals.