BHP is a member of the Australian Petroleum Producers and Explorers Association (APPEA), the Minerals Council of Australia (MCA), the NSW Minerals Council and the Australian Industry Greenhouse Network (AIGN), which have all obstructed progress on climate-related legislation in Australia.
The London based think tank Influence Map estimates in 2014/15 APPEA spent about $4m on ‘obstructive climate lobbying’. The MCA counts as one of its principal recent achievements the repeal of the carbon tax which had successfully reduced Australian emissions. The MCA was a member of the Australian Trade and Industry Alliance which spent $9.2m in a successful campaign opposing the carbon tax. More recently it has advocated the Finkel review’s proposed Clean Energy definition encompass brown coal fired power stations. Though BHP states “we will not make political contributions”, BHP is a member of the NSW Minerals Council which is a significant political donor. A commentator describing AIGN objectives characterised them as “..., the prevention of any constraints on greenhouse gas emissions, the delay of any constraints for as long as possible, and lastly, exemption and/or compensation should any scheme be introduced."
The MCA’S obstructive climate lobbying activities undermine the possibility of realising the policy outcomes sought by BHP. We think that the MCA’s activities will, over time, have a negative effect on shareholder value.
We have put forward a resolution addressing BHP’s membership of the MCA and representation on its board.
You can see the final resolution here.
In order to file a substantive resolution on climate/human rights issues in Australia, shareholders need to propose an amendment to the company's constitution which allows them to do so. Therefore, ACCR has also proposed this kind of amendment to the company's constitution.
Please find our full Media Releases here.
News Stories featuring our BHP Resolution
Sydney Morning Herald BHP facing shareholder demand it dumps membership of the Minerals Council of Australia
Australian Financial Review BHP to review Minerals Council membership after green push
The Newcastle Herald BHP under shareholder pressure to sever ties with Minerals Council