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

 

OceanaGold: Man Killed In Waihi Mine Accident

A 29-year-old man had died following a work place accident at OceanaGold mine, Waihi last night. The man was killed after the front end loader he was in rolled down a slope. The accident happened at approximately 6.30pm on Thursday night. More>>

ALSO:

Constructing Consent: Annual Housing Consents Highest In Over A Decade

More than 29,000 new homes gained building consent in the year to June 2016, up 16 percent from the previous June year, Statistics New Zealand said today. More>>

ALSO:

War Against Weevil For Future Peas: “No Peas, No Weevil” Ban Now In Place In Wairarapa

The Ministry for Primary Industries (MPI) has today placed a ban on growing peas within a specified area and placed controls on moving pea material (seed and untreated pea straw) within, in and out of this area for the next 2 years. More>>

ALSO:

Wood Producers: Crisis In New Zealand Log Supply

New Zealand wood processing leaders held a hui with senior government officials and political leaders in Whangarei yesterday to assess the acute log supply shortage to local mills in Northland. More>>

Consents And Taxes: Trustpower 'Very Disappointed' With Judgement

Trustpower is "very disappointed" with a Supreme Court ruling dismissing its bid to claim tax deductions on $17.7 million of project costs in a case closely watched by large-scale infrastructure developers. More>>

ALSO:

Fruitful Endeavours: Kiwifruit Exports Reach Record Levels

In June 2016, kiwifruit exports rose $105 million (47 percent) from June 2015 to reach $331 million, Statistics New Zealand said today. Overall, goods exports rose $109 million (2.6 percent) in June 2016 (to $4.3 billion). More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news