BHP Group, the world’s biggest mining company, has invested in a startup company seeking to develop less-polluting ways of making steel.
While many in the mining industry have outlined how they
plan to curb their
own direct pollution, those emissions are a fraction of ones produced by customers, with steelmaking
one of the biggest global emitters.
Rather than set hard targets to reduce so-called Scope 3 emissions, companies like Rio Tinto Group and BHP have committed to working with the steel sector to help develop new technologies instead. BHP has previously pledged $400 million in research funding to tackle carbon emissions caused by its buyers.
BHP was among
investors backing a
$50 million fundraising round for Boston Metal, the startup said.