“As a major producer and consumer of fossil fuels, we also accept our responsibility to take action on climate change and reduce our greenhouse (GHG) emissions.”61 “Industry has a key role to play in supporting policy development. We engage with governments and other stakeholders to contribute to the development of an effective, long-term policy framework that can deliver a measured transition to a lower carbon economy. We believe an effective policy framework should include a complementary set of measures, including a price on carbon, support for low emissions technology and measures to build resilience. We are a signatory to the World Bank’s ‘Putting a Price on Carbon’ statement and a partner in the Carbon Pricing Leadership Coalition, a global initiative that brings together leaders from industry, government, academia and civil society with the goal of putting in place effective carbon pricing policies. We also advocate for a framework of policy settings that will accelerate the deployment of CCS. We are a member of the Global CCS Institute and, in FY2018, we joined the UK Government’s newly formed Council on Carbon Capture Usage and Storage (CCUS).”62 “We accept the Intergovernmental Panel on Climate Change (IPCC) assessment of climate change science that warming of the climate is unequivocal, the human influence is clear and physical impacts are unavoidable. We believe that: • • • • The world must pursue the twin objectives of limiting climate change to the lower end the IPCC emission scenarios in line with current international agreements, while providing access to affordable energy. We do not prioritise one over the other – both are essential to sustainable development. Under all current plausible scenarios, fossil fuels will continue to be a significant part of the energy mix for decades. There needs to be an acceleration of effort to drive energy efficiency, develop and deploy low emissions technology and adapt to the impacts of climate change. There should be a price on carbon, implemented in a way that addresses competitiveness concerns and achieves lowest cost emissions reductions. We will: • • • Continue to take action to reduce our emissions. Build the resilience of our operations, investments, communities and ecosystems to climate change impacts. Recognising their role as policymakers, seek to enhance the global response by engaging with governments. BHP Billiton (2018), Sustainability Report 2018, p. 3, available at https://www.bhp.com/investorcentre/sustainability-report-2018/sustainability-report-2018 (last accessed on 12 September 2019). 62 Id., p. 57. 61 Annex D: Corporate Statements on Climate Change and Human Rights | 12