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Rio Tinto has been widely criticised by environmentalist groups for its mining activities. Opposition to the company focuses on its mining methods due to enviro
by davidwitt415 7y ago
Rio Tinto has been widely criticised by environmentalist groups for its mining activities. Opposition to the company focuses on its mining methods due to environmental degradation, the company's coal operations for their contribution to global warming, and uranium operations for environmental and nuclear technology concerns. Perhaps the most significant environmental criticism to date has come from the government of Norway, which divested itself from Rio Tinto shares and banned further investment due to environmental concerns. Claims of severe environmental damages related to Rio Tinto's engagement in the Grasberg mine in Indonesia led the Government Pension Fund of Norway to exclude Rio Tinto from its investment portfolio. The fund, which is said to be the world's second-largest pension fund, sold shares in the company valued at 4.85 billion kr (US$855 million) to avoid contributing to environmental damages caused by the company.[99]
Carbon-dioxide emissions
According to The Guardian, Rio Tinto is one of the top 100 industrial greenhouse gas producers in the world, accounting for 0.75 percent of global industrial greenhouse gas emissions between 1988 to 2015.[102] In 2016, Rio Tinto estimated to have produced 32 million tonnes of carbon dioxide equivalent in its own climate change report.[103]
In March 2018, Rio Tinto was urged by institutional investors to set new rules requiring the company to adhere to the goals of the Paris Agreement to limit global warming to 1.5 degrees Celsius, including detailed plans to reduce scope 1 to 3 emissions.[104] Rio Tinto's top executives rejected the resolution, arguing that the company had made a lot of progress in reducing its greenhouse gas emissions and that appropriate plans were in place to deal with climate change.[105]
Rio also argued that that scope 3 emissions, those of its customers, were beyond the firm's control.[106] Nevertheless, the corporation in September 2019 signed a partnership with Chinese steelmaker China Baowu Steel Group to find ways to reduce greenhouse gas emissions from steel making, in an attempt to tackle the scope 3 issue.[107]
Labour and human rights
Activist groups have also expressed concern regarding Rio Tinto's operations in Papua New Guinea, which they allege were one catalyst of the Bougainville separatist crisis.[108] The British antipoverty charity War on Want has also criticised Rio Tinto for its complicity in the serious human rights violations which have occurred near the mines it operates in Indonesia and Papua New Guinea.[109]
On 31 January 2010, Rio Tinto locked out nearly 600 workers from a mine in Boron, California, USA.[110]
Source: https://en.m.wikipedia.org/wiki/Rio_Tinto_(corporation) https://en.m.wikipedia.org/wiki/Rio_Tinto_(corporation)