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Most Miners Are Falling Short of Carbon Cuts Needed for UN Goal

  • Eleven producers set emissions targets that match global push
  • Aluminum firms face highest risks, Bloomberg Intelligence says
Photographer: Edinson Arroyo/Bloomberg

The mining industry is falling short on cutting greenhouse-gas emissions enough to limit global warming, even after stepping up efforts to help combat climate change.

Only 11 out of 46 metal and mining companies analyzed by Bloomberg Intelligence have carbon-reduction targets that match levels needed for the United Nations’ goal of limiting global warming to 2 degrees Celsius (3.6 degrees Fahrenheit) above pre-industrial levels, according to a Bloomberg Intelligence report. The group includes global giants such as Anglo American Plc and Newmont Corp., the world’s largest gold producer.