Brazilian miner Vale SA plans to spend at least $2 billion to cut both its direct and indirect carbon emissions by 33% by 2030, Chief Executive Eduardo Bartolomeo told Reuters on Tuesday.
FILE PHOTO: The logo of the Brucutu mine owned by Brazilian mining company Vale SA is seen in Sao Goncalo do Rio Abaixo, Brazil February 4, 2019. REUTERS/Washington Alves
Vale previously announced plans to eliminate these emissions entirely by 2050, following a global corporate trend that has seen oil companies and other major emitters set targets to eliminate greenhouse gas emissions by mid-century. The miner’s plan includes using biofuels to pelletize iron ore instead of coal, electrifying its mines and railroads, increasing energy efficiency and using more renewable energy, Bartolomeo said in an interview.
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