New Climate Assessment of Major Mining Companies Reveals Significant Gap in Alignment to Paris Climate Goals

New research from the Transition Pathway Initiative (TPI) reveals that just two of the ten largest mining companies are aligned with limiting climate change to 2°C. These 10 companies have a market capitalisation of over $350bn and contribute to annual carbon emissions of over 1.5 billion tonnes either directly or indirectly via their products. Freeport and Grupo Mexico have such a low emissions intensity that they are already aligned with the 2050 benchmarks, including Below 2C. But their strong climate performance is in stark contrast to others in the sector.