- Teck Resources (TSX:TECK.A) have unveiled a plan to cut carbon intensity by 33 per cent by 2030
- Teck have previously announced they aim to be carbon neutral by 2050
- Plan will be facilitated by transitioning to sea water or lower quality water resources for operations by 2040
- Company hope to source 50 per cent of all electricity demand for their Chilean operations from renewables
- Teck Resources (TECK.A) was down 5.69 per cent, with shares trading at C$10.60 and a market cap of $4.2 billion
Teck Resources, one of Canada’s largest resources companies, have announced their aim to cut carbon by 33 percent by 2030.
The announcement comes on the back of the company’s already well publicised plan to be carbon neutral by 2050.
The company hopes to achieve this through a raft of measures, from using lower quality water and greener energy in operations.
The company has also announced it has accelerated their plans to adopt zero emission transportation for operations.
The aim is to replace 1,000 company fleet vehicles with zero emission models by 2025.
President and CEO of Teck Resources Don Lindsay said the company had set ambitious new goals.
“We believe that a better world is made possible through better mining.
“At Teck, we are always challenging ourselves to improve sustainability performance, so we can be sure we are providing the mining products needed for a cleaner future in the most responsible way possible,” he said.
Teck have announced they’re looking at their biodiversity and reclamation policy, with an assurance that all operating sites will have plans positively impact biodiversity by 2025.
The company have largely been practicing what they have been preaching, with their 2019 sustainability report released today.
The report highlights the company’s performance in a variety of areas related to sustainable mining.
Teck have already reduced annual emissions by 297,000 tonnes since 2011, or the equivalent of around 90,000 cars being removed from the road.
The company can also point to $225 million spent with indigenous owned business in 2019.
Last year, Teck was named the most sustainable mining company in the world by the Dow Jones Sustainability Index.
Earlier this year, Teck announced they would shelve plans to build the largest oilsands mine in Canadian history, their proposed Frontier project.
Teck Resources (TECK.A) was down 5.69 per cent, with shares trading for $10.60 at 12:59pm EST