Slide 1: Climate Change Portfolio Analysis – Views after Paris - Presentation
For personal use only BHP Billiton Limited BHP Billiton Plc 171 Collins Street Neathouse Place Melbourne Victoria 3000 Australia London SW1V 1LH UK GPO BOX 86 Tel +44 20 7802 4000 Melbourne Victoria 3001 Australia Fax + 44 20 7802 4111 Tel +61 1300 55 47 57 Fax +61 3 9609 3015 bhpbilliton.com bhpbil
Slide 2: Climate Change: Portfolio Analysis – Views after Paris
For personal use only Climate Change: Portfolio Analysis Views after Paris Dr Fiona Wild Vice President, Sustainability & Climate Change
Slide 3: Portfolio analysis is an ongoing process
Portfolio analysis is an ongoing process For personal use only In the past 12 months we have seen: • The strong outcome from COP21 in Paris. • The launch of the Financial Stability Board’s Task Force on Climate-related Financial Disclosures. • Acceleration of the global energy transition. • Continue
Slide 4: Views after Paris
Views after Paris For personal use only Views after Paris provides: • A tangible demonstration of how we monitor the external environment. • An explanation of how we identify and track signals which provide timely insights into potential impacts on our portfolio. • An insight into how these inform o
Slide 5: Paris Agreement: key commitments
Paris Agreement: key commitments For personal use only The Paris Agreement reaffirms the commitment to limit the Key commitments include: increase in global average temperature to well below 2oC and to pursue efforts to keep the temperature increase to 1.5oC. • Achieving net zero emissions in the se
Slide 6: Energy transition
Energy transition For personal use only Views after Paris 10 October 2016 5
Slide 7: Renewables: the Central case view
Renewables: the Central case view For personal use only Renewables Estimated annual global growth rate of non-hydro renewable • Clean energy investments hit a record of US$329 billion in 2015. power1 (Central case view) • The US approved the extension of tax credits for wind and solar. 9.2% 9.2% • T
Slide 8: Renewables in China
Renewables in China For personal use only Renewables Estimated average breakeven costs for new power plant in • In 2015, China added a record amount of non-hydro renewable China1 generating capacity (~US$100 billion). This compares to ~US$25 (Central case view) billion in thermal coal and gas. 250 •
Slide 9: EVs: the Central case view
EVs: the Central case view For personal use only Electric vehicles Fleet of electric vehicles in 2035 (million vehicles)1 • The Tesla Model 3 received 276,000 orders in the first three days, (Central case view) 168 demonstrating strong consumer interest in EVs. • Battery technology continued to impr
Slide 10: Global Accord
Global Accord For personal use only Global Accord describes: • Robust global economic growth. • Unified action to address climate change – high cooperation and commitment to limit emissions. • Breakthroughs in low emission and renewable technologies. • There is an orderly transition to a 2oC world.
Slide 11: Retesting our portfolio
Retesting our portfolio For personal use only • The commodities in our portfolio, including oil, natural gas and thermal coal, have strong future margins given our high-quality, low-cost assets. • We continue to regularly consider the attractiveness and potential addition of new commodities to the p
Slide 12: Our actions
Our actions For personal use only We are committed to taking action on climate change by: • Reducing our emissions. • Building the resilience of our operations, communities and ecosystems to the impacts of climate change. • Working in partnership to accelerate the development and deployment of low e
Slide 13: Our actions: Reducing our operational GHG emissions
Our actions For personal use only Reducing our operational GHG emissions Greenhouse gas emissions1 • Our target is to keep total operational GHG emissions below our (million tonnes of CO2-e) FY2006 baseline in FY2017. FY2012 • In FY2016, the Company’s total GHG emissions were 18 MtCO2-e, 13 per cent
Slide 14: Our actions: REDD+, Great Barrier Reef, CCS, Lakeland Solar
Our actions For personal use only 12 4 5 REDD+ Great Barrier Reef Carbon capture and storage Lakeland Solar and Storage 3 • US$5 million commitment to Foundation • Establishment of the BHP • A 13 megawatt solar Alto Mayo in Peru, managed • A$600,000 partnership to Billiton SaskPower photovoltaic pow
Slide 15: Conclusion
Conclusion For personal use only Views after Paris 10 October 2016 14
Slide 16: For personal use only
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