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2/26, 9:55 AM (Source: TeleTrader)
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Rio Tinto to spend $1B in reducing carbon footprint

World's second-largest miner Rio Tinto stated on Wednesday that on its way to reaching net-zero greenhouse gas emissions by 2050, it plans to invest $1 billion over the next five years.

Rio Tinto announced it aims to reduce its carbon footprint by 15% in the next ten years after suffering pressures from investors, but without forcing customers to follow its steps.

Earlier in the day, the company posted an underlying EBITDA of $21.2 billion, which is a 17% increase compared to the previous year. The company's stocks traded 0.08% higher, selling for £3918.5 at 9:38 am CET.

Breaking the News / ND