BHP

POLITICS – BHP

2017

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.”

We put forward a resolution addressing BHP’s membership of the MCA and representation on its board.

You can see the final resolution here.

Read background information to the resolution here and here

BHP announced their decision to exit the World Coal Association but to remain with the U.S Chamber of Commerce (USCC). The USCC has a long history of opposing measures to tackle climate change which you can read more about 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.

Media Enquiries

  • Please find our full media release here.
  • Please find our latest media release here.
  • Read an updated media release on the results of the AGM here.
  • Contact Brynn O’Brien brynn@accr.org.au.

Support for the Resolution

The California Public Employees’ Retirement System (CalPERS), the largest public pension fund in the US will vote in favour of shareholder resolutions proposed by the Australasian Centre for Corporate Responsibility (ACCR). See the global media release here.

Doctors for the Environment are urging BHP shareholders to support the resolution and cut ties with The Australian Minerals Council. See their Media Release here.

Representatives from HSBC bank and the Church of England have also been reported to voice their support.

Media