BHP emissions set to rise until 2035

• BHP revised its decarbonisation plan, revealing carbon emissions and diesel usage will peak seven years later than previously planned.
• The miner stated battery-electric trucks currently lose up to 1,000 hours of productivity per year due to frequent charging stops.
• Planned production growth of 3% annually between 2027 and 2030 will temporarily drive up total emissions.

BHP (ASX:BHP) published an updated climate plan showing its carbon emissions and diesel usage will peak around 2035 instead of the previously projected 2028.

The revised plan indicates 2035 emissions will sit approximately 33 per cent higher than earlier estimates due to delayed adoption of battery-powered vehicles.

“The largest emissions reduction opportunities are increasingly clear,” said BHP Vice President of Climate Graham Winkleman.

The delay follows the deferral of a US$4 billion investment in battery-electric haul trucks and low-carbon locomotives until after 2030.

Following the announcement the BHP share price was unchanged at $60.20.

The mining giant had previously achieved its 2030 emissions reduction target five years early when 2025 emissions fell to 8.7 million tonnes from 15.9 million tonnes in 2020.

However, emissions rose 8% in the year to June, driven by higher operational energy demand and planned production volume growth.