BHP has made many errors in judgement over the past 40 years but this new development now has the potential to be a death knell for future growth and dividends with the recent disclosure about spinning off coal and iron ore. The strength is in being diversified.
I my opinion the board has now given way to 'green ideology' and do not appear to be turning back or reconsidering their leftest woke agenda. They may have some of the best analysts about the future direction of resources but it will take away a huge chunk of revenue in the process.
When boards act on popularism (the woke agenda) rather than pragmatism it's time to lighten the exposure.
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