From the BP web site on FridayIt's coming
I’ll use the example of but one of the commodities needed, which is copper. BHP’s estimate is that under a plausible 1.5 degree scenario, the copper industry could require around 250 billion US dollars in growth capital over the next seven years to 2030, and that is over and above sustaining capital.
But currently committed growth projects over this period only amount to around 40 or 50 billion US dollars today.
More projects need to be identified, permitted and given the green light by those who are to invest in them. Governments and communities need to be supportive of these projects progressing and capital providers need to be flowing the capital to those companies that uphold the high ESG standards that must be met.
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