BHP Billiton Annual Reports and Carbon Capture and Storage

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2007

In its 2007 annual report BHP Billiton stated:[1]

"We will spend US$300 million over the next five years to develop low emission technology for our products, support internal energy excellence programs and encourage emissions abatement by our employees and local communities. We will work with our customers, research institutions, peer companies, employees and communities to get the most out of these initiatives."

and:[2]

"A$65 million was committed over five years to low emissions technology development through the Australian coal industry’s COAL21 Fund. Going forward, our contribution will increase to in excess of A$100 million over 10 years."

2008

In its 2008 annual report BHP Billiton stated:[3]

"We recognise that the need to control carbon dioxide emissions has substantial implications for the use of thermal coal as an energy source. Our Company has committed to invest US$300 million over the five years from June 2007 to support the research, development and demonstration of low-emissions technologies, including ‘clean coal’ and carbon sequestration technologies. We have also developed the capacity to offer our export customers emissions credits in conjunction with their coal purchase."

2009

In its 2009 annual report BHP Billiton stated:[4]

"We recognise that the need to control carbon dioxide emissions has substantial implications for the use of thermal coal as an energy source. Our Company has committed to invest US$300 million over the five years from June 2007 to support the research, development and demonstration of low-emissions technologies, including ‘clean coal’ and carbon sequestration technologies. We have also developed the capacity to offer our export customers emissions credits in conjunction with their coal purchase."

2010

In its 2010 annual report BHP Billiton stated:[5]

"We recognise that the need to control carbon dioxide emissions has substantial implications for the use of thermal coal as an energy source. We have committed to invest US$300 million over five years from June 2007 to support the research, development and demonstration of low-emissions technologies, including ‘clean coal’ and carbon sequestration technologies."

2011

There is no mention of Carbon Capture and Storage (CCS) in its 2011 annual report.[6]

2012

There is no mention of Carbon Capture and Storage (CCS) in its 2012 annual report.[7]

2013

There is no mention of Carbon Capture and Storage (CCS) in its 2013 annual report[8] or its Sustainability Report.[9]

2014

In its 2014 annual report BHP Billiton stated that:[10]

"Investing in technology and innovation to effectively address the challenge of climate change, there must be a significant focus on developing and deploying low-emissions technologies over the next few decades. the rate of technology improvement and subsequent adoption must be faster than the usual commercial timeframes if these technologies are to be available at scale and at acceptable cost to meet the global challenge. industry and government will need to work together in collaborative partnerships to facilitate this step-change.
"We are a foundation member of the Cooperative Research Centre for Greenhouse Gas Technologies, one of the world’s leading collaborative research organisations focused on carbon capture and storage (CCS). We contribute a voluntary levy to the Australian Coal Association Low Emissions Technologies to facilitate the development of low-emissions technologies from coal use, including CCS. We are a member of the Global Carbon Capture and Storage Institute which aims to accelerate the development, demonstration and deployment of CCS globally through knowledge sharing, fact-based advice and advocacy and works to create favourable conditions to implement CCS."

The same paragraphs were repeated in both the company's "Strategic Report" and its "Sustainability Report".[11] None of these reports provided any detail on how much the company spent in the year on CCS activities or would spend in the future.

Articles and resources

References

  1. BHP Billiton, 2007 BHP Billiton Annual Review", September 20, 2007, page 15.
  2. BHP Billiton, 2007 BHP Billiton Annual Review", September 20, 2007, page 25.
  3. BHP Billiton, "2008 BHP Billiton Annual Report", BHP Billiton, September 20, 2008, page 44.
  4. BHP Billiton, "2009 BHP Billiton Annual Report", BHP Billiton, September 21, 2008, page 46.
  5. BHP Billiton, BHP Billiton Annual Report 2010", September 21, 2010, page 47 (document pagination).
  6. BHP Billiton, BHP Billiton Annual Report 2011", September 21, 2011.
  7. BHP Billiton, BHP Billiton Annual Report 2012", September 18, 2013.
  8. BHP Billiton, BHP Billiton Annual Report 2013", September 25, 2013.
  9. BHP Billiton, "2013 Annual Report, Summary Review, Form 20-F, Sustainability Report and Sustainability Reporting Navigator", September 25, 2013.
  10. BHP Billiton, BHP Billiton Annual Report 2014", BHP Billiton, September 25, 2014, page 52. (Note: page number is from the document; page 54 using pdf numbering).
  11. BHP Billiton, "2014 Annual Report, Summary Review, Strategic Report, Form 20-F, Sustainability Report and Sustainability Reporting Navigator", BHP Billiton, September 25, 2014.

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