Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


'Alternative Annual Report' Reveals Risks For BHP Billiton


MEDIA RELEASE – 29 NOVEMBER 2012

'Alternative Annual Report' Reveals Risks For BHP Billiton Investors

Sydney Traditional Owners, environmentalists and shareholders will today use BHP Billiton’s AGM to launch the fourth 'Alternative Annual Report', Titled 'Dirty Deeds' The report reveals the risks to investors of the company’s environmental and social performance.

Kevin Buzzacott, Arabunna elder, said: “BHP owns the Olympic Dam mine in South Australia, they have been taking water from my country for years to operate it. Uranium from that mine was being used in the reactors at Fukushima. In July this year over 500 people joined me at the gates to protest its expansion. It's a toxic legacy for my people and the world. The whole uranium industry is risky business and a bad investment. We have seen what it can do and we want BHP Billiton out of the desert.”

Colombian unionist Edwin Mejia will attend the AGM to question the BHP Board in relation to the Cerrejon coal mine, which is one-third BHP owned. "There are major concerns with workers health. The health situation of the workers in the mine has become one of the main concerns of our unions and the international community. Today there are 700 workers suffering diseases related to the mine working conditions," Mr Mejia said.

Wilderness Society Marine Campaigner Jenita Enevoldsen said: “In regards to the proposed industrial development at James Price Point, BHP and the other joint venture partners could save around $10 billion dollars by choosing alternatives like floating or piping Browse gas. These alternatives could also avoid damaging a pristine National Heritage Listed coastline that is globally significant because of its unique marine life and intact nature.”

“BHP are the largest mining company in the world, they operate mines on every continent except Antarctica, its operations make a massive contribution to climate change and are closely linked to the safety risks associated with the nuclear fuel cycle “ BHP Billiton should be big enough to know what a bad investment looks like and more away from dangerous portfolio's such as uranium, said Tully McIntyre Friends of the Earth.

Report: http://bhpbillitonwatch.files.wordpress.com/2012/11/bhp_report_2012.pdf


ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Gordon Campbell: On Tiwai Point (And Saying “No” In Greece)

Its hard to see how Rio Tinto’s one month delay in announcing its intentions about the Tiwai Point aluminium smelter is a good sign for (a) the jobs of the workers affected or (b) for the New Zealand taxpayer. More>>

ALSO:

Half Empty: Dairy Product Prices Extend Slide To Six-Year Low

Dairy product prices continued their slide, paced by whole milk power, in the latest GlobalDairyTrade auction, weakening to the lowest level in six years. More>>

ALSO:

Copper Broadband: Regulator Set To Keep Chorus Pricing Largely Unchanged

The Commerce Commission looks likely to settle on a price close to its original decision on what telecommunications network operator Chorus can charge its customers, though it probably won’t backdate any update. More>>

ALSO:

Lower Levy For Safer Cars: ACC Backtracks On Safety Assessments

Dog and Lemon: “The ACC has based the entire levy system on a set of badly flawed data from Monash University. This Monash data is riddled with errors and false assumptions; that’s the real reason for the multiple mistakes in setting ACC levies.” More>>

ALSO:

Fast Track: TPP Negotiations Set To Accelerate, Groser Says

Negotiations for the Trans-Pacific Partnership will accelerate in July, with New Zealand officials working to stitch up a deal by the month's end, according to Trade Minister Tim Groser. More>>

ALSO:

Floods: Initial Assessment Of Economic Impact

Authorities around the region have compiled an initial impact assessment for the Ministry of Civil Defence, putting the estimated cost of flood recovery at around $120 million... this early estimate includes social, built, and economic costs to business, but doesn’t include costs to the rural sector. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news