Freeport-McMoRan, parent company of Climax Molybdenum, has announced the publication of its updated 2022 Climate Report, which outlines the company’s ongoing initiatives to reduce its greenhouse gas (GHG) emissions, improve energy efficiency, evaluate and integrate the use of lower carbon and renewable energy sources and enhance its resilience to future climate-related risks.
In this year’s report, Freeport also announced the creation of two additional 2030 GHG reduction targets including one for Climax Molybdenum’s primary molybdenum sites. Freeport plans to reduce GHG emissions by 35% by 2030 at its Climax Colorado sites and downstream moly processing facilities in Fort Madison, Rotterdam and Stowmarket. Nearly 100% of Freeport’s global businesses now have 2030 GHG reduction targets in place.
“Freeport aspires to participate in — and positively contribute to — a 2050 net zero economy,” said Richard C. Adkerson, Chairman and Chief Executive Officer of Freeport-McMoRan. “As the global energy system continues to evolve, we play a vital role in progressing a low-carbon future. We are proud of our industry leading position and are dedicated to the responsibility that comes with it. This includes continuing to advance our climate strategy, demonstrating momentum toward our goals and innovating in order to take practical, responsible steps towards an eventual net zero mining future.”
Climax Molybdenum is committed to the long-term sustainability of the communities it serves. You can learn more about this commitment at climaxmoinco.com and you can read the full 2022 Climate Report at fcx.com.