By The Canadian Press

Mining firm Teck Resources sets target to be ‘carbon neutral’ by 2050

Feb 3, 2020 | 9:27 AM

The Vancouver-based mining company proposing to build the massive Frontier oilsands mine in northeastern Alberta has set a target to be “carbon neutral” by 2050.

Teck Resources Ltd., which is awaiting a decision from the federal government on Frontier, says it will try to achieve its goal by first avoiding creating emissions and then eliminating or minimizing them.

It says it will look at alternative ways of moving materials at its mines, using cleaner power sources and implementing efficiency measures.

Teck is also vowing to produce more metals needed for the transition to a low-carbon economy including copper for electric vehicles and renewable power generation.

Teck separately announced Monday it and its partners have signed a long-term power purchase agreement for their new copper mining project in Chile which will result in about half of its operating power needs being satisfied by renewable energy sources.

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Last week, Teck CEO Don Lindsay said winning federal approval for the Frontier project doesn’t necessarily mean it will be built the company will also need adequate pipeline access, the right commodity prices and a partner to share the costs.