BHP withdraws support for Australia's use of carryover credits to meet emissions target

Activist investor group welcomes miner's change of mind, saying Minerals Council should follow suit

Mining giant BHP has reversed its position on Australia's use of carryover credits to meet global greenhouse gas emissions targets, saying in a review of the company's memberships of industry groups that it does not support their use.

The major miner published a new set of standards on Friday morning, covering its memberships of industry associations and lobby groups and how they advocate on climate change policy.