Speaking at an investor meeting in Australia on 26 November, Simon Thompson said that inaction on climate change posed “perhaps the greatest long-term threat” to the mining company’s business. The company has been under pressure from environmental groups and politicians for its coal seam gas (CSG) operations in Queensland. Rio Tinto is the latest leading mining and resource firm in the country to warn about the dangers of political inaction on climate change and to demand a carbon price.
Speaking at an investor meeting in Australia on 26 November, Simon Thompson said that inaction on climate change posed “perhaps the greatest long-term threat” to the mining company’s business. Thompson also said that Rio Tinto’s board would place renewed emphasis on ESG issues and the transition to a “low-carbon economy”. Rio Tinto is the latest leading mining and resource firm in the country to warn about the dangers of political inaction on climate change and to demand a carbon price.