New Climate Assessment of Major Mining Companies Reveals Significant Gap in Alignment to Paris Climate Goals
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03/05/2020
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Transition Pathway Initiative
New research from the Transition Pathway Initiative (TPI) reveals that just two of the ten largest mining companies are aligned with limiting climate change to 2°C. These 10 companies have a market capitalisation of over $350bn and contribute to annual carbon emissions of over 1.5 billion tonnes either directly or indirectly via their products. Freeport and Grupo Mexico have such a low emissions intensity that they are already aligned with the 2050 benchmarks, including Below 2C. But their strong climate performance is in stark contrast to others in the sector.
