We believe that all sectors of the economy must play a role in tackling the challenge of climate change. That is why Teck supports implementation of low-carbon technologies and advocates for measures that support society’s transition to a lower-carbon economy.
Teck is a signatory of the 2015 Paris Pledge, in support of the Paris Agreement on Climate Change. The Paris Agreement provides a global framework for action on climate change, and targets to hold the increase in the global average temperature to well below 2°C above pre-industrial levels.
In 2020, we set an objective to be carbon neutral across all operations and activities by 2050. This objective demonstrates Teck’s support of the transition to a low-carbon economy and worldwide efforts to meet the goal of the Paris Agreement to limit global temperature increase. It also aligns with commitments by Canada and Chile – which are home to the majority of Teck’s operations – to be carbon neutral by 2050.
We are also actively advocating for policies that reduce emissions, including broad implementation of carbon pricing. We believe that broad-based pricing of carbon is one of the most effective ways to incentivize real reductions in GHG emissions by ensuring that all emitters contribute to the solution.
As part of this advocacy, Teck was the first Canadian resource company to join the Carbon Pricing Leadership Coalition, a partnership of national and sub-national governments, businesses, and organizations working toward integrating carbon pricing into the global economy. We are also a member of the Council for Clean Capitalism.