Energy Efficiency, GHG Emissions - September 26, 2022
Freeport-McMoRan Sets 2030 Goals
International mining cmopany Freeport-McMoRan Inc. (FCX) established 2030 GHG reduction targets that collectively cover nearly 100% of its Scope 1 and 2 GHG emissions.
FCX plans to submit its 2030 GHG emissions reduction targets to the Science Based Target initiative for validation.
Details were provided in its updated Climate Report, which outlines FCX’s ongoing initiatives to reduce its GHG emissions, improve energy efficiency, evaluate and integrate the use of lower carbon and renewable energy sources and enhance its resilience to future climate-related risks.
The company reports it continues to make meaningful progress in advancing efforts to decarbonize its electricity supply, including progressing a study at PT-FI to evaluate the feasibility of replacing its coal-fired power plant in the future. FCX is also collaborating with equipment manufacturers and various industry consortiums with the aim of contributing to technological solutions that will help the company achieve its climate objectives.
“Freeport aspires to participate in — and positively contribute to — a 2050 net zero economy,” said Richard C. Adkerson, Chairman and CEO said in a statement. “ As the global energy system continues to evolve, we play a vital role in progressing a low-carbon future. The copper we produce is essential to new and existing technologies that will support global efforts to decarbonize. We are proud of our industry-leading position and are dedicated to the responsibility that comes with it. This includes continuing to advance our climate strategy, demonstrating momentum toward our goals and innovating in order to take practical, responsible steps towards an eventual net zero mining future.”