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Fortescue

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Top steel firm China Baowu unveils global alliance to cut emissions

* Alliance of more than 60 members from 15 countries * Baowu discloses six routes to cut emissions * Announces fund to invest 35 mln yuan a year in low-carbon metallurgy By Min Zhang and Shivani Singh SHANGHAI, Nov 18 (Reuters) - China Baowu Steel Group has set up a Global Low-Carbon Metallurgical Innovation Alliance with partners to tackle climate
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Top steel firm China Baowu unveils global alliance in emissions effort

SHANGHAI, Nov 18 (Reuters) - China Baowu Steel Group announced on Thursday the establishment of a global low-carbon metallurgical innovation alliance, in a bid to cut greenhouse emissions in the world's biggest steel producer. Major miners, competitors and colleges will form part of the alliance, the firm said, adding that it also aimed to set up a
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Australian shares end lower as CBA leads banks' selloff

* CBA triggered turmoil in financial sector * Miners weigh on ASX200 * NZX50 falls 0.51% (Updates to close) By Riya Sharma Nov 17 (Reuters) - Australian shares closed lower on Wednesday as selling in top lender Commonwealth Bank of Australia (CBA), due to its warning of a margin-hit, pulled the heavily weighted financial sector down. The S&P/ASX 20
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BHP gets Australian shareholder support for climate plan

By Melanie Burton MELBOURNE, Nov 11 (Reuters) - BHP Group said it had won approval for its climate roadmap on Thursday, overcoming a protest vote on concerns that some of the long-term plans lacked detail, with Australia-based shareholder proxies voting 86% in favour. The world's biggest listed miner aims for net zero emissions by 2050 for its cust
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Green hydrogen backer Forrest urges fuel subsidy fairness

By Mark John LONDON, Oct 26 (Reuters) - Australian mining billionaire Andrew Forrest called ahead of next week's COP26 climate talks for governments to ensure massive existing subsidies for fossil fuels did not undermine the drive for clean alternatives such as green hydrogen. Forrest, whose Fortescue Metals Group FMG.AX aims to become carbon-neutr
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