GHG Emissions, Industrial, Sourcing Renewables - June 1, 2023
Newmont Increases Renewable Energy Use
Newmont Corporation reported progress on its renewable energy projects at Boddington and Tanami in Australia that have the potential to reduce emissions by up to one million tons of carbon dioxide equivalent.
The gold company and a producer of copper, silver, zinc and lead, also achieved progress on its Vision Zero program, a strategic alliance with Caterpillar to trial zero emissions battery electric haul systems for surface and underground operations and engaged with key suppliers and customers to incorporate emission reduction targets or decarbonization commitments into contracts.
Newmont also collaborated with the U.S. National Renewable Energy Laboratory on research related to carbon sequestration in mine tailings.
Details were provided in its 2022 Climate Report, prepared in alignment with the Recommendations of the Task Force on Climate-related Financial Disclosures (TCFD).
“Climate change is one of the greatest global challenges of our time and its impact on our earth and our business is undeniable,” said Newmont President and CEO Tom Palmer in a statement. “We believe that industries that create value — like mining — have a responsibility to drive bold actions and innovation to facilitate the transition to a low-carbon economy.”