Part 6/9:
Meanwhile, within the corporate realm, companies like Rio Tinto are engaging in what Lloyd describes as a "self-interested" approach to emission reductions. The mining giant advocates for a government-backed carbon pricing scheme, reminiscent of Australia's Gillard-era carbon tax, which was highly unpopular when introduced.
Lloyd suggests that Rio Tinto’s stance is motivated more by financial interests than environmental necessity. "They want the government to collect money from taxpayers and redistribute it to corporations like theirs," he explains, implying that such schemes primarily serve corporate interests under the guise of climate action.