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Author Topic: BHP cuts renewable budget by 88% — axes Pilbara wind and solar and delays electric trucks  (Read 232 times)

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Offline rangerrebew

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BHP cuts renewable budget by 88% — axes Pilbara wind and solar and delays electric trucks
« on: September 12, 2025, 01:06:38 pm »
BHP cuts renewable budget by 88% — axes Pilbara wind and solar and delays electric trucks
 


BHP Home page

By Jo Nova

That didn’t last long
It was only two years ago that BHP announced “Operational Decarbonisation”. They would build 550MW of wind solar and battery storage in the Pilbara region of WA. It was part of a $4 billion global budget for electrifying trucks and reducing carbon emissions.  It was all so ambitious — they set a goal of a 30 per cent reduction by 2030, from 2020 levels, and net zero by 2050. The “Responsible Energy” message is still starring all over their home page.

Their diesel haul trucks use 1.5 billion litres of fuel each year, and they were keen to replace them with electric vehicles, which, they said would “save money”. But it’s all fallen in a hole already. The $4 billion USD global plan has shrunk to half a billion — a savage 88% cut. The new Pilbara solar and wind turbines were quietly shelved late last year (perhaps after Donald Trump won) but the news is only being shared now.

Meanwhile the electric trucks haven’t been invented fast enough so they’ve been delayed indefinitely.

BHP scraps renewable energy projects, casting doubt on emissions targets

https://joannenova.com.au/2025/09/bhp-cuts-renewable-budget-by-88-the-word-is-that-after-solar-reaches-30-to-40-microgrid-costs-rise-exponentially/
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Offline IsailedawayfromFR

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Re: BHP cuts renewable budget by 88% — axes Pilbara wind and solar and delays electric trucks
« Reply #1 on: September 12, 2025, 01:36:59 pm »
They found out their shareholders actually wanted them to make money instead of following wokesters.
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Online Bigun

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Re: BHP cuts renewable budget by 88% — axes Pilbara wind and solar and delays electric trucks
« Reply #2 on: September 12, 2025, 02:23:02 pm »
Good! Perhaps some of that region's natural beauty can be preserved unlike much of Texas where those infernal wind contraptions and solar farms are everywhere you look!
« Last Edit: September 12, 2025, 02:24:00 pm by Bigun »
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Offline DefiantMassRINO

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Re: BHP cuts renewable budget by 88% — axes Pilbara wind and solar and delays electric trucks
« Reply #3 on: September 12, 2025, 03:39:17 pm »
Reverts to ol' fashioned economics.  Cost matters.
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