COLUMN-BP slammed for lofty climate change ambition, Rio ignored for small step: Russell
COLUMN-BP slammed for lofty climate change ambition, Rio ignored for small step: Russell | NASDAQ. In a far less splashy announcement, Rio Tinto RIO.AX, the world's second-largest mining company, said it was committing A$98 million ($65 million) to building a solar farm and battery storage system at a remote iron ore mine in Western Australia. The BP announcement could be easily attacked by critics as just another attempt at "greenwashing" by a big company whose products are carbon emissions intensive. BP has said it will provide a more detailed breakdown of how it will achieve its net zero emissions by September, and perhaps the company should be given the benefit of the doubt until this is released. But the less than positive reaction to BP's announcement underscored the risks to companies that operate in emissions intensive industries. While BP may well be planning to "walk the talk", for now it remains an example of the public relations effort seemingly getting ahead of the actual actions.