Stranded Assets: Protest the BHP Billiton AGM

Stranded Assets: Protest the BHP Billiton AGM

Oct22

When: October 22, 2015

Defend life, resist destruction! Demand justice for communities affected by coal mining! Tell investors in BHP Billiton it’s time to divest from fossil fuels. Join the demonstration outside mining giant BHP Billiton’s AGM.

Time: 10-11:30am, Thursday 22 October 2015
Venue: outside the Queen Elizabeth II Conference Centre, Broad Sanctuary, Westminster, London

A growing global divestment movement is demonstrating that there is no future in fossil fuels. BHP Billiton has massive opencast coal operations in Australia, Colombia, Indonesia, and South Africa. It also produces oil and gas and is involved in fracking in the USA. The value of BHP Billiton’s shares is plummeting with global coal prices.

Lots of people in Britain automatically invest in the world’s biggest mining company, BHP Billiton, without even knowing it – through their banks, insurance companies or pension funds. The financial industry is starting to recognise that fossil fuel investments are “stranded assets” that will be worthless if international agreements to prevent catastrophic climate change are enforced. The safest investment is one that secures a future for all.

Representatives of communities displaced by the company’s operations in Colombia will attend the AGM to demand justice. Divestment campaigners calling for climate justice will demonstrate outside the AGM in solidarity with communities affected by destructive coal mining.

The demonstration will make visible the albatross of stranded coal assets around the neck of BHP Billiton, showing shareholders attending the AGM that there is no future in fossil fuels.