Fossil-fuel producers should be taxed to defray the cost of climate change, not be given even larger subsidies, @markgongloff says (via @opinion) https://t.co/6JzABu25hS ...

Summary of South32's Climate Change Action Plan Presentation Company Overview - **Company**: South32 - **Industry**: Mining and Metals Key Points and Arguments Climate Change Action Plan (CCAP) - South32 is presenting its second CCAP, highlighting progress since the first plan released in February 2022 [3][4] - The company acknowledges the significant impact of climate change on the mining industry, affecting both the commodities produced and the methods of production [4][5] - The energy transition presents both opportunities (increased demand for critical minerals) and risks (energy intensity of metal processing) [4][5] Strategic Focus - South32 is focusing on positioning its portfolio for the energy transition, reducing operational emissions, and supporting emissions reduction across its value chain [5][6] - The company aims to achieve net zero operational emissions by 2050, with a target to halve net operational emissions by 2035 [6][12] - The portfolio has shifted from less than 50% revenue from aluminum and base metals in 2015 to approximately 90% today [7] Portfolio Development - Development of the Taylor deposit at the Hermosa project is expected to yield attractive returns by producing zinc, lead, and silver, which are critical minerals [8] - South32 is actively exploring new base metals mines and has exited lower-return businesses to focus on high-return opportunities [9] Emission Reduction Efforts - Over 90% of operational emissions come from the aluminum value chain, with significant contributions from Hillside and Worsley operations [14][15] - Hillside's emissions are primarily from coal-fired power, and the company is seeking affordable low-carbon energy solutions [16][18] - Worsley Alumina has reduced emissions through coal-to-gas boiler conversions, contributing to a 12% reduction in scope one emissions [19][20] Financial and Operational Resilience - The company is implementing a three-year climate adaptation and resilience plan to improve resilience to physical climate risks [22] - South32 is focused on engaging with stakeholders to secure low-carbon power and improve energy efficiency [30][46] Future Outlook - The company is committed to transparently reporting progress and addressing challenges related to climate change [25][26] - Key milestones include securing affordable electricity for Hillside by 2031 and continuing decarbonization efforts at Worsley [47][48] Additional Important Content - The geopolitical landscape of climate action is becoming more fragmented, increasing uncertainty for companies like South32 [5] - The company recognizes the importance of multi-stakeholder collaboration to achieve its climate goals [30][46] - South32 has reduced scope three emissions by around 80% since FY 2019, largely due to the sale of Illawarra metallurgical coal [21] - The company is actively assessing physical climate risks and their financial implications as part of its risk management processes [41][42] This summary encapsulates the critical aspects of South32's climate strategy, operational focus, and future commitments in the context of climate change and the energy transition.

Climate Change Action Plan - South32 set a target to halve net operational emissions (Scope 1 and 2) by FY35, relative to FY21 levels[28] - The company expanded its net zero by 2050 goal to include Scope 3 emissions[28] - South32 sold Illawarra Metallurgical Coal (IMC), reducing transition risk and Scope 3 emissions[28] - The company converted two of Worsley Alumina's coal-fired boilers to natural gas as an interim step[28] Portfolio and Capital Expenditure - 51% of South32's FY25 Underlying EBITDA is from the Aluminium value chain[30] - 23% of South32's FY25 Underlying EBITDA is from Manganese[30] - 100% of South32's capital expenditure is directed towards transition materials[36] - Capital expenditure during CCAP 2022 (FY23 to FY25) was US$71 million[40] Emissions - Hillside Aluminium accounts for 58% of South32's operational emissions[45] - Worsley Alumina accounts for 16% of South32's operational emissions[45] - Mozal Aluminium accounts for 17% of South32's operational emissions[45] - Portfolio reshaping has contributed to an approximately 80% reduction in Scope 3 emissions[63]

Overtourism and climate change have created a dangerous feedback loop that endangers Southern Europe’s tourism industry.What locations are most impacted? https://t.co/jzkfwCrmUG ...

From @WSJopinion: You might have gotten the impression that the Great Barrier Reef—the aquatic wonder off Australia’s coast—is in grave peril. The truth is much less alarming, writes @BjornLomborg.https://t.co/GI9S3LqRRD ...

RT Bloomberg Live (@BloombergLive)As climate consciousness becomes an inherent part of our reality, the choices we make are defining a new spectrum of climate action. How can every day moments add up in the fight against climate change? Join us for #BloombergGreen New York. #ClimateWeekNYC https://t.co/uZCLqxLCVO https://t.co/kSfOQ3hF4w ...

Climate Change Impact - Record summer blazes in Europe highlight the increasing challenges for governments and local communities due to climate change [1] - Climate change exacerbates brutal fire conditions [1] Government & Community Response - Governments and local communities are struggling to keep up with the intensified fire conditions [1]

If current trends continue, the Mediterranean may soon become too hot, not to mention dangerous, for summer travel. Turkey is starting to think about out-of-season travellers https://t.co/lAvmUaRa07 ...

Environmental Concerns - Solving the country's air pollution problem may lead to increased temperatures [1]

Climate Scientist Cited By Joe Rogan Slams Podcaster For Spreading 'Dumb' Misinformationhttps://t.co/W1CrRZt596 https://t.co/d4wkJwEAMF ...