Today, Business Spectator ran the following piece:
In a battle that will be a proxy for the political brawl in Canberra and elsewhere between business, climate change believers and the Abbott government, BHP Billiton, the world’s biggest miner, has told shareholders to reject a noted climate change activist who has nominated himself for the company’s board.
The activist – former coal company executive Ian Dunlop – has a resume that would cause any mining company here or around the world to consider him, with decades of high-level experience in the industry. But BHP chairman Jacques Nasser and the rest of the board have resorted to the tired canard that Dunlop is a “single-issue” candidate and therefore not suited to the boardroom of BHP.
In the material supporting his nomination, Dunlop said:“In my view, the greatest challenge the world, and BHP Billiton, now faces is global warming caused by greenhouse gas emissions from human fossil-fuel consumption. The extent and speed of warming has been badly underestimated. Current policies are leading to an average surface temperature increase in excess of 4oC, compared with the ‘official’ target of less than 2oC. This is a world of 1 billion people, not 7 billion, in which business as we know it is not possible. It is nothing less than suicidal to continue investment in fossil-fuel expansion.“The current board must take action by changing investment priorities far more extensively than the company has recently announced. I consider that my particular mix of experience and global perspective would complement existing board member skills in achieving what must become top priorities for BHP Billiton and its shareholders.’”