BHP Investors Call for Split From Lobby Groups on Climate
By Rhiannon Hoyle
SYDNEY--Several BHP Group Ltd. (BHP.AU) investors have backed a
call for the world's biggest listed miner by value to suspend its
membership of industry lobby groups that advocate for policies at
odds with the Paris climate change agreement.
The resolution was filed Tuesday by the Australasian Centre for
Corporate Responsibility, a nonprofit group that promotes ethical
investment. The group said backers include the Church of England
Pensions Board, which has been vocal on the safety of mine-waste
dams, and Grok Ventures, the private investment company of Mike
Cannon-Brookes, co-founder and co-CEO of Atlassian Corp., and his
"Until BHP stops funding for coal lobbyists, we're extremely
skeptical of their environmental or green credentials," Mr.
Cannon-Brookes was cited as saying in a statement emailed by the
group. Neither he nor the Church of England Pensions Board could be
immediately reached for further comment.
It is expected the resolution will be put to BHP shareholders at
upcoming investor meetings in London and Sydney in October and
November, the group said.
A BHP spokesman declined to comment.
Write to Rhiannon Hoyle at email@example.com
(END) Dow Jones Newswires
September 04, 2019 00:24 ET (04:24 GMT)
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