ENERGY TRANSITION: Mining sector needs collaboration, not competition, execs say

The mining industry needs collaboration, not competition, if it wants to advance net-zero carbon emissions targets for the sector, a panel of executives said.

This means acting immediately now that a growing number of targets have been set, including a commitment on Tuesday October 5 by one-third of the world's mining and metals industry to a goal of net-zero Scope 1 and 2 greenhouse gas (GHG) emissions by 2050 or sooner, panelists told the Reuters Impact virtual conference.
The collective commitment was made by members of the International Council on Mining & Metals (ICMM), which also signed the letter.
According to the chief executive officer of Rio Tinto, a signatory to the letter, the collective nature of the approach may at first appear unusual given the diversified geographical, product and perspective mix of ICMM members.

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