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BHP’s Carbon-heavy Bid for Anglo-American

Miner's attempt to buy Anglo-American has been pitched as a copper deal, but would create a huge coal producer, exposing investors to potential stranded asset risk.

Mining giant BHP’s bid to acquire Anglo-American would create the world’s biggest shipper of metallurgical coal and a global mega-polluter, exposing shareholders to stranded asset risk as the world moves away from fossil fuels. This is a particular danger if steelmakers solve the problem of decarbonising steel faster than BHP…

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