Rio Tinto , one of the largest Australian mining companies, on Thursday confirmed its exit from the state mining lobby group after raising concerns that its policy on expansion of coal mines did not align with the Paris Climate Agreement.
The Rio Tinto logo is displayed on a visitor's helmet at a borates mine in Boron, California, U.S., November 15, 2019. REUTERS/Patrick T. Fallon/File Photo, one of the largest Australian mining companies, on Thursday confirmed its exit from the state mining lobby group after raising concerns that its policy on expansion of coal mines did not align with the Paris Climate Agreement.
Global firms have been looking to appease regulators and shareholders by aiming for higher emission cuts across their operations to align with the Paris deal. "After careful consideration, Rio Tinto will not renew its membership with the Queensland Resources Council for the 2022-2023 financial year," Kellie Parker, Rio Tinto's Australia chief executive officer, said in an emailed statement, without specifying the reason for its exit.
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