Future of mining ‘looks rocky with $16bn climate risk’

Some of the largest firms in the global mining industry have $16 billion (£12.3bn) at risk in climate costs.
That’s according to a new report from the CDP, which suggests many of the mining’s biggest players remain heavily dependent on fossil fuels and plough roughly a quarter of their investments into the sector.
That’s despite sourcing around half of their power from renewables and spending around half of all capital expenditure on commodities that would benefit fr