Body Coal: Fund Groups and Andrew Mackenzie

body coal: In a major speech in July, BHP's chief executive, Andrew Mackenzie, declared that global warming was indisputable, said drastic action was needed and committed the company to ramping up efforts to reduce greenhouse gas emissions, according to The Guardian. But the company has been criticised for continuing to fund groups including the Minerals Council and affiliated body Coal21, which is planning a multimillion-dollar advertising campaign that aims to invoke national pride in coal. A shareholder resolution filed with BHP calling for the suspension is backed by Grok Ventures, the private investment company of software billionaire Mike Cannon-Brookes and his wife, Annie, and superannuation and pension funds from Australia, Britain, Denmark and the Netherlands. BHP faces fresh calls to quit Minerals Council ahead of pro-coal ad blitz Read more The shareholder resolution was filed by activist group the Australasian Centre for Corporate Responsibility. The centre for corporate responsibility said BHP-funded groups had been undeniably successful in promoting fossil fuels and obstructing climate policy in Australia. In a statement in support of the resolution, Cannon-Brookes said Until BHP stops funding for coal lobbyists, we're extremely sceptical of their environmental or green credentials. (news.financializer.com). As reported in the news.