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

 

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Half A Billion Accounts: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Half Full: Fonterra Raises Forecast Payout As Global Supply Shrinks

Fonterra Cooperative Group, the dairy processor which will announce annual earnings tomorrow, hiked its forecast payout to farmers by 50 cents per kilogram of milk solids as global supply continues to decline, helping prop up dairy prices. More>>

ALSO:

Results:

Meat Trade: Silver Fern Farms Gets Green Light For Shanghai Maling Deal

The government has given the green light for China's Shanghai Maling Aquarius to acquire half of Silver Fern Farms, New Zealand's biggest meat company, with ministers satisfied it will deliver "substantial and identifiable benefit". More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news