Coal Industry Mega-Player Plans for Climate Change
Tuesday, 11 December 2012
In a telling and ironic move, coal industry giant BHP-Billiton, is replacing one of its coal export facilities in Queensland, Australia because of its vulnerability to increasingly frequent hurricanes from global warming. BHP-Billiton is an Australian coal company that produces one-fifth of globally traded coal for steel making and is the largest mining company on Earth. The upgrade represents a major investment in planning for climate change. In fact, the company’s coal operations are led by Marcus Randolph, who confirmed they are planning, “to rebuild the facility to be more durable to climate change.”
Readers of this blog already know that increasingly extreme weather events are the result of climate change in addition to the fact that many businesses are planning now for climate change’s effects. Why not a coal company too? The announcement makes it obvious that BHP-Billiton understands that climate change is real and the time is now to begin making changes even if the manufacture of their product contributes to the issue.
Randolph has even warned investors about the implications of remaining dependent on the non-renewable resources of fossil fuels by saying, “In a carbon constrained world where energy coal is the biggest contributor to a carbon problem, how do you think this is going to evolve over a 30- to 40-year time horizon? You’d have to look at that and say on balance, I suspect, the usage of thermal coal is going to decline. And frankly it should.”
When a company that mines and exports coal starts planning for climate change it means the writing is on the wall. Businesses and individuals alike should all be working to decrease carbon footprints and offset the remaining carbon emissions. Let’s give the planet a holiday present and start doing all we can this season to embrace a cleaner energy future.