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Better late than never: BHP’s $18.5 billion nod to the environment
BHP has experienced its $18.5 billion environmental risk epiphany, having announced the sale of its oil and gas assets - but it has taken many years for it to get to this destination.
“The Big Australian”, which now prides itself for investing in future-facing commodities like copper and nickel, was slow to act on its own intelligence that oil and gas assets were facing backwards, especially when it…
- Elizabeth Knight
- The Age
Tectonic changes like the shift in attitudes towards the environment and fossil fuel’s contribution to carbonisation begin slowly and take years to ferment. But when a pivot point is reached the velocity can be extreme.
No one could have predicted the…