Our global economy relies upon natural resources extracted from the Earth, but removing them can cause erosion, pollution, deforestation and species loss, not to mention the climate impact of burning fossil fuels once they’re out of the ground. As development continues to encroach on natural areas, smart businesses are seeking ways to reduce their impacts — while also transitioning to a low-carbon energy future.
Why are mining and energy important?
Resources to build
Aluminum. Iron. Gold. Lead. If it can’t be grown or made, it was probably mined. These materials are used in almost everything — from buildings and cars to cell phones and laptops — yet most of the world’s store of metals and minerals remains undiscovered.
Energy demand is growing
As the world’s population continues to grow, demand for sources of energy continues to rise. Global energy consumption is expected to increase 28% from 2015 to 2040, and approximately 60% of the increase will come from developing nations.
Jobs and prosperity
The mining, oil and gas industries are leading engines of job creation and economic growth — particularly in developing countries — as well as a large source of revenue for many governments.
What are the issues?
Investing in natural climate solutions
In addition to supporting a responsible low-carbon energy transition, our work with the energy sector aims to increase investments in natural climate solutions, which can provide 30 percent or more of the emissions reductions needed to meet the goals set by the Paris Agreement.
Championing responsible business practices
We engage companies, decision-makers, industry groups and other stakeholders in the energy and mining sectors to support responsible business practices for avoiding and mitigating negative impacts and delivering positive impacts for healthy ecosystems and societies.
- Read more: Tackling the hidden cost of gold
- Case study: Informing BHP's corporate policies and practices
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