have shown that the costs of achieving the goals of global climate agreements could more than double without the inclusion of carbon capture, and researchers have stated that excluding carbon capture from the mix increases the median estimated mitigation costs from about 2 percent of GDP annually to 5 percent of GDP.” 225 “Peabody believes that coal is a key contributor to affordable, reliable energy and fossil fuels will continue to play a significant role in the global energy mix. The company also recognizes that these fuels contribute to greenhouse gas emissions, and concern regarding these emissions has become part of the global political, societal and regulatory landscape in which we operate. Within the energy mix, fossil fuels are essential, and satisfy approximately 80 percent of the world’s primary energy demand. Coal plays a fundamental role in generating electricity and is a required component in new steel production. Our approach to using the world’s coal resources is grounded in the need to achieve the three-part goals of energy security, economic progress and environmental solutions through the application of advanced technologies. The world needs to embrace a true ‘all of the above’ energy strategy that recognizes the benefits and limitations for each fuel. Coal’s advantages include a track record of reliability and scalability, affordability and security of supply.”226 Statements on Human Rights As of 23 August 2019, it does not appear that Peabody Energy has made reference to human rights in any of the documents referenced above. RAG AKTIENGESELLSCHAFT (RAG AG, formerly Ruhrkohle AG) Statements on Climate Change “RAG-Stiftung, which was founded in 2014, regards itself as a long term partner of medium-sized companies. RSBG, a wholly-owned subsidiary of RAG-Stiftung, primarily invests in companies whose products and services are playing a significant role in global changes in the areas of demographic development, climate change and new technologies.”227 Statements on Human Rights As of 23 August 2019, it does not appear that RAG Aktiengesellschaft has made reference to human rights in any of the documents referenced above. Id., p. 26. Peabody Energy Corp., Statement on Climate Change, available at https://www.peabodyenergy.com/Sustainability/climate-change (last accessed on 12 September 2019). 227 RAG-Stiftung (2018), Zeiten Wenden: Annual Report 2018, p. 36, available at, https://www.ragstiftung.de/fileadmin/user_upload/Publikationen/RAG-Stiftung_GB_2018_EN.pdf (last accessed on 12 September 2019). 225 226 Annex D: Corporate Statements on Climate Change and Human Rights | 59