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A Four Corners investigation has detailed how BHP quietly shelved billions of dollars of green projects while promising it was committed to cutting emissions. Two federal ministers today backed government regulations to act on climate change, but internal BHP documents tell a different story.

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00:01A vast mining company now facing questions over its climate targets.
00:07BHP's iron ore operations in Western Australia had planned to cut emissions by 22% by 2030.
00:14Internal documents show that figure is now just 1%.
00:19Resources Minister Madeline King today defended the $300 billion mining company.
00:25Are you concerned by those revelations?
00:27BHP is committed to cutting emissions.
00:30They will make their commercial decisions, as do others.
00:33And how they choose to reach net zero, and they have made that commitment clear,
00:37it really is a matter for BHP.
00:39But internal BHP documents show the company itself harbours major doubts about achieving net zero.
00:48In one document, BHP says the purchase of a new fleet of diesel trucks is
00:54inconsistent with pathways to net zero.
00:57In another, it said solutions are still being sought to achieve net zero.
01:03Energy and Climate Change Minister Chris Bowen said the government will review the safeguard mechanism this year,
01:10while insisting it is cutting emissions.
01:13I want to see all large emitters reducing emissions on site.
01:18That's replies to BHP and everyone else.
01:21The documents show BHP doesn't expect a material increase in carbon prices via the safeguard mechanism until 2040,
01:30meaning the company believes it won't be penalised for inaction for at least another decade.
01:36BHP said it continues to focus on delivering on its operational emissions targets and long term net zero goal.
01:45It's a very difficult time to use the
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