<
https://www.mining-technology.com/news/rio-tinto-writes-off-aluminium-refineries/>
"Rio Tinto has written off A$1.7bn ($1.2bn) as losses and devaluation to its
aluminium refineries in 2023 due to the mounting costs of Australia’s carbon
emissions reduction scheme.
Under the scheme, big carbon emitters like aluminium refineries must cut 30% of
their present CO₂ emissions by 2030 or purchase carbon credits to offset them.
As the company reported its lowest first-half earnings in three years, the
miner admitted it would miss its decarbonisation target unless it buys carbon
credits as a “last resort”.
In March this year, Rio said it required special allowances under the Albanese
government’s carbon policy that would allow big emitters to reduce their
footprint by 4.9% until 2030. Despite the allowances, the miner needs to invest
greatly in clean technology."
Via
Future Crunch:
<
https://futurecrunch.com/good-news-breastfeeding-trachoma-iraq-golden-lion-tamarin-brazil/>
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
