Mining Giant Glencore Claims It Will Cut Its Carbon Emissions By 30%, Since It's Running Out Of Coal

[hatrack]

Maybe they should get some tax breaks?

Mining giant Glencore has predicted its carbon footprint will shrink by almost a third by 2035, but will not set climate targets for the company. The company expects its total carbon emissions to fall by 30% in the next 15 years as it gradually produces less coal due to the “natural depletion” of its coal reserves.

Ed. - Emphasis added.

Glencore promised investors last year it would cap its coal production, and said on Tuesday that production was expected to fall as its Colombian mines close. It may produce less coal from mines in Australia and South Africa, too.

The Switzerland-based miner has also vowed to disclose its contribution to the climate crisis and show investors how it plans to align its business with the Paris climate goals from April this year.

Glencore has yet to set a target to reduce its full climate impact because it does not include the so-called scope 3 emissions, which would take account of the emissions produced from using the coal it sells.

EDIT

https://www.theguardian.com/business/2020/feb/18/glencore-says-its-carbon-emissions-will-fall-30-by-2035

[eppur_se_muova]

1. Uh, "natural" ? Interesting usage of that word. nt