Teck Resources on Wednesday released its third TCFD-related climate change report, Climate Change Outlook 2021, outlining how the company will continue its efforts to reduce emissions in order to become a carbon-neutral operator by 2050.
Teck's 2021 report Outlines three climate-related scenarios looking ahead to 2040, helping to identify the range of future risks and opportunities and informing business strategy and risk management.
The first scenario highlights Teck's current focus on copper growth to convert his portfolio into metals; Second, focus on developing its metals business in areas essential to the transition to a low-carbon world, and continue to produce the steelmaking coal needed for the transition to a low-carbon world and reduce carbon emissions over the next decade or more; Third, over the next two decades, the focus is on becoming the leading metals producer in a low-carbon world.
Teck's QB2 project in Chile, currently under construction, will double its combined copper production when it comes online in 2022.
In all cases, Teck said, demand for copper, zinc and steelmaking coal -- some of the basic building blocks of a low-carbon future -- would continue.
Growth in copper demand is directly linked to decarbonisation, driven by low-emission vehicles, energy storage and transmission, improved energy efficiency and growth in renewable power generation.
As a copper producer in the Americas with a strong pipeline of projects, Teck said its Quebrada Blanca Phase 2 (QB2) project in Chile, currently under construction, will double its combined copper production when it comes online in 2022.
Marcia Smith, Senior Vice President of Media Sustainability and External Affairs, said Tektronix is taking significant steps to address the risks of climate change because we know that all sectors, including mining, need to play an active role in contributing to addressing climate change challenges. We are working to reduce the carbon footprint of our operations while rebalancing our portfolio to copper, an important metal for low-carbon technologies and infrastructure.
Teck noted that it is committed to reducing its operational greenhouse gas (GHG) reduction target to limit global warming to 1.5°C. In 2020, we set an ambitious long-term goal of becoming a carbon-neutral operator by 2050, with a short-term goal of reducing the carbon intensity of our operations by 33% by 2030. To achieve this vision, we have developed a preliminary roadmap with corresponding 2025 and 2030 goals, including that 50 percent of our electricity demand in Chile will be sourced from clean energy sources by 2025 and 100 percent by 2030.
Last year, Teck switched to 100% renewable energy in its Carmen de Andacolla operation and entered into a power purchase agreement to procure more than 50% of QB2 operation's electricity needs from renewable sources.
The company said the measures would avoid about 1 million tons of greenhouse gas emissions a year, equivalent to the emissions of about 210,000 passenger cars.
PUDA COPPER MINE MACHINE:
