By Jo Nova
The ABC and the Guardian think they are onto some hot scandalous leak, but they don’t seem to realize the awful truth they are accidentally revealing.
This is not the story of an evil miner failing to make commitments, it’s the story of their technology fantasy busting. If wind and solar power were cheap, the profit hungry miners would be doing it wouldn’t they?
Instead all their ambitious plans are coming undone.
BHP is the largest mining company in the world, it has shareholder approval to spend millions on wind and solar projects and on the conversion to electric trucks. They also had an enthusiastic management and Net Zero targets, yet somehow the company has decided to drop or delay the wind and solar projects, and the low emissions processing plant too. It’s all been put in the deep freeze, delayed until 2031 before it even starts.
The truth is that the big electric haul trucks are not even close to being ready, and without the batteries to soak up the unreliable power, there was no point in spending a billion dollars on the wind and solar projects either yet.
Everything hinged on the electric […]
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