BHP, Rio Tinto, and Qantas Invest Millions in Australian Carbon Credits Fund

Nature-Based Projects to Benefit from Early-Stage Investment

Leading mining and resources companies BHP and Rio Tinto, along with Australian airline Qantas, have collectively pledged A$80 million (US$527 million) as initial investors in a newly established Australian carbon credits fund.

High-Integrity Carbon Projects

The fund aims to support the development of high-integrity Australian Carbon Credit Units (ACCUs) through nature-based carbon projects. These projects will focus on capturing and storing carbon through initiatives such as revegetation, sustainable grazing practices, and improved soil management.

Commitment to Decarbonization

The investment from BHP, Rio Tinto, and Qantas underscores their commitment to reducing their carbon footprints and transitioning towards a more sustainable future. By supporting the creation of high-quality ACCUs, these companies are playing a vital role in the development of a credible and effective carbon market in Australia.

Accelerating Carbon Reduction

The fund will provide much-needed funding for innovative and scalable nature-based carbon projects. By investing in these projects, BHP, Rio Tinto, and Qantas are actively contributing to the acceleration of carbon reduction efforts at a critical time for climate action.