BHP Billiton Threatens to Leave World Coal Association Over Climate Policy
December 19 2017 - 2:53AM
Dow Jones News
By Adam Clark
BHP Billiton Ltd. (BHP.AU) said Tuesday that it is considering
leaving the World Coal Association and the U.S. Chamber of Commerce
due to policy differences and doubts over the benefit it derives
from membership of the organizations.
The Anglo-Australian mining company said a review of its
industry associations found material differences between its
positions on climate and energy policy and the stance of the
organizations.
In particular, BHP Billiton said it found it disagreed with the
U.S. Chamber of Commerce's criticisms of the Paris agreement on
climate change and carbon pricing, as well as the World Coal
Association's call for policy changes to drive certain technology
investments.
BHP Billiton said it intends to communicate its differences to
the U.S. Chamber of Commerce before deciding on the future of its
membership on or before March 31, 2018.
The company added it will advise the World Coal Association that
it has reached a preliminary view to exit the organization, and
invite responses from the body before making a final decision by
March 31, 2018.
Differences were also identified with the Minerals Council of
Australia, BHP Billiton said, but it added that it has decided to
remain a member of the body. However, the company said it will
request the council to refrain from policy activity in areas where
it disagrees, and review its membership of the body if this hasn't
happened within a reasonable period.
Write to Adam Clark at adam.clark@dowjones.com;
@AdamDowJones
(END) Dow Jones Newswires
December 19, 2017 02:38 ET (07:38 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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