BHP CEO Mike Henry warns that US President-elect Donald Trump's proposed import tariffs and trade policies pose a significant challenge to the global transition to green energy. Henry highlights the crucial role of metals like copper in decarbonizing energy systems and expresses concern that protectionism will hinder investment and development of necessary supply chains.
US protectionism under president-elect Donald Trump risks delaying the global shift to green energy , according to the chief executive of miner BHP . Trump’s proposed import tariffs and the rising risk of a global trade war present a “key challenge for the energy transition”, Mike Henry told the Financial Times.
BHP is building its portfolio of commodities around such “future-facing” trends, with a primary focus on copper. “Already, we hold the world’s largest resources, but the commodity is so attractive we want to grow further,” said Henry. The BHP chief said copper was the main driver of the company’s recent $39bn takeover pursuit of UK rival Anglo American, which would have given the combined entity control of a tenth of global copper production.
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