Rio CEO Says World Must Sacrifice Growth to Meet Climate Goals

(Bloomberg) — Rio Tinto Group’s chief executive officer said the world must be prepared to sacrifice growth to achieve climate goals as the natural resources industry comes under increasing pressure to curb emissions.“The challenge for the world, and for the resources industry, is to continue the focus on poverty reduction and wealth creation, while delivering climate action,” Jean-Sebastien Jacques told investors on Wednesday. “This will require complex trade-offs.”Jacques said consumers, governments and shareholders must all be willing to make sacrifices — in the form of lower consumption, growth and returns — if climate targets are to be met. The mining …read more

Source:: Yahoo Finance

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