Climate Policy Engagement Analysis
Climate Policy Engagement Overview: Teck Resources Limited (Teck) engages actively on science–aligned climate policies, exhibiting both supportive and oppositional positions. While Teck has supported the use of critical minerals to support a transition toward energy transition technologies, it has negatively engaged on Canadian carbon tax and trading policies in 2024 to 2025.
Top-line Messaging on Climate Policy: Teck’s top-line messaging on climate change is broadly positive. In its 2024 Sustainability Report, published March 2025, Teck supported limiting global temperature increases to 1.5°C in line with IPCC guidance. In its 2024 Sustainability Report, published in March 2025, Teck disclosed its engagement with policymakers in favor of carbon pricing, but qualified this by stating the need to maintain competitiveness. The company does not appear to have taken a position on the Paris Agreement in the last two years.
Engagement with Climate-Related Regulations: Teck has engaged on carbon tax policies and circular economy measures in Canada in 2024 and 2025. The company has consistently advocated to weaken carbon taxation policies in Canada, advocating for protections for emissions-intensive, trade-exposed (EITE) industries to prevent carbon leakage and maintain competitiveness. For example, in its engagement with policymakers on Canada's Output-Based Pricing System (OBPS) in its 2023 Sustainability Report, published in March 2024. The company’s British Columbia lobbying report filings – last updated in June 2025, show that Teck has also engaged regional policymakers on the issue repeatedly with negative positions.
However, the company has engaged more positively on circular economy policies. For example, in response to Canada’s August 2024 Pre-Budget Consultation in Advance of the 2025 Budget, the company advocated for a regulatory environment and incentives for electric vehicle battery reuse and recycling.
Positioning on Energy Transition: Teck consistently recognizes the role for critical minerals in energy transition technologies, and appears to support the transition toward these technologies alongside the decarbonization of mining.
The company disclosed its engagement with Canadian policymakers in relation to “critical minerals and decarbonization” in several federal lobbying registries last updated in July 2025 – (for example, those filed by consultants David McArthur and Joshua Marando), however these offered no further details regarding the company’s position on the overall transition of the energy mix. In its August 2024 response to Canada’s Pre-Budget Consultation in Advance of the 2025 Budget, the company called for increased critical mineral production, processing, and recycling, and supported a transition toward energy transition technologies, such as electric vehicles. Likewise, the company supported Canada’s Critical Minerals Strategy in its 2024 CDP response, calling for its extension and for the use of critical minerals in the decarbonization of the energy mix.
In its 2023 response, Teck supported Canada’s Clean Electricity Regulations (CER), and called for incentives for the use of co-generation, however it was unclear if this included co-generation with fossil gas.
Industry Association Governance: Teck discloses its memberships to industry associations on its corporate website, as of July 2025. The company published a review of its industry associations in 2022, but this has not since been updated. The company sits on the boar and several climate-related committees at the Mining Association of Canada, which engages on climate change with predominantly negative positions. Additionally, the company is co-chair of the Critical Minerals Committee at the Canadian Chamber of Commerce, which also takes predominantly negative positions.
InfluenceMap collects and assesses evidence of corporate climate policy engagement on a weekly basis, depending on the availability of information from each specific data source (for more information see our methodology). While this analysis flows through to the company’s scores each week, the summary above is updated periodically. This summary was last updated in Q3 2025.
A detailed assessment of the company's corporate review on climate policy engagement can be found on InfluenceMap's LobbyMap Investor Hub here.