Teck Resources Limited

InfluenceMap Score
C-
Performance Band
62%
Organisation Score
39%
Relationship Score
Sector:
Metals & Mining
Head​quarters:
Vancouver, Canada
Official Web Site:
Wikipedia:

Climate Lobbying Overview: Teck Resources Limited (Teck) appears to be engaging on climate policy with mixed positions. The company appears supportive of ambitious action on climate change in its top-line messaging, but has mixed engagement on the carbon tax in Canada and still appears to support a sustained role for fossil fuels in the energy mix. Teck is also a member of industry associations actively and negatively engaging on climate policy in the US, including US Chamber of Commerce and National Mining Association.

Top-line Messaging on Climate Policy: The company’s top-line messaging on climate change is broadly positive. On its corporate website, accessed in January 2022, Teck appeared to support the need to limit the global temperature increase to 1.5°C in line with IPCC guidance. The company also supported the 1.5°C goal in its 2021 Climate Change Outlook report, published in July 2021. In its Sustainability Report, published in March 2021, Teck also stated its support for the Paris Agreement. In the same report, Teck appeared supportive of carbon pricing, but qualified this support by stating that it should “maintain the global competitiveness of trade-exposed industries to prevent carbon leakage”. Teck reiterated this position in its 2021 Climate Change Outlook report. Teck’s position on other forms of regulation is unclear.

Engagement with Climate-Related Regulations: Teck appears to have mixed engagement with climate-related regulations in Canada. In its 2021 CDP response, the company appeared to support some Canadian climate regulations, including a Clean Fuel Standard, Canada's federal climate plan, and Bill C-12 which formalized Canada's net-zero by 2050 goal. However, the company has engaged negatively on a carbon tax in Canada. In its 2021 CDP response, Teck caveated its support for the British Columbia carbon tax by arguing that carbon pricing policies should include mechanisms to protect the competitiveness of emissions-intensive, trade-exposed (EITE) sectors and reduce carbon leakage risks, and also provide compensation for companies which perform best against an emissions benchmark.

Positioning on Energy Transition: Teck appears broadly unsupportive of a shift away from fossil fuels. While the company appears to support the decarbonization of the economy in its 2021 Climate Change Outlook report, Teck continues to support a sustained role for fossil fuels in the energy mix. CEO Don R. Lindsay appeared to support the continued role of fossil gas in the global energy mix in a January 2022 Financial Post article. Lindsay has also expressed his support towards a continued role for fossil fuels to facilitate the transition of energy mix on Teck’s corporate website, accessed in January 2022.

In its July 2021 Climate Change Outlook Report, the company also does not appear to support the near-term implementation of green hydrogen into the energy mix, stating that “the technological hurdles associated with producing low-cost hydrogen make near-term adoption highly unlikely”. In the same report, CEO Don R. Lindsay appears to have expressed support for the electrification of transport within the mining industry in April 2021, however the extent and pace of this transition is ambiguous.

Industry Association Governance: Teck Resources Limited has disclosed a list of industry associations on its company website, as of January 2022. However, the company does not appear to disclose their positions on, or engagement with, climate regulation, nor has it published a full audit disclosure of its industry links. Teck Resources Limited is a member of National Mining Association and US Chamber of Commerce, which have engaged negatively on US climate policy, and Mining Association of Canada, which engages on climate change with mixed positions.

QUERIES
DATA SOURCES
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Strength of Relationship
STRONG
 
 
 
 
 
 
 
WEAK
 
54%
 
54%
 
51%
 
51%
 
28%
 
28%
 
13%
 
13%

How to Read our Relationship Score Map

In this section, we depict graphically the relationships the corporation has with trade associations, federations, advocacy groups and other third parties who may be acting on their behalf to influence climate change policy. Each of the columns above represents one relationship the corporation appears to have with such a third party. In these columns, the top, dark section represents the strength of the relationship the corporation has with the influencer. For example if a corporation's senior executive also held a key role in the trade association, we would deem this to be a strong relationship and it would be on the far left of the chart above, with the weaker ones to the right. Click on these grey shaded upper sections for details of these relationships. The middle section contains a link to the organization score details of the influencer concerned, so you can see the details of its climate change policy influence. Click on the middle sections for for details of the trade associations. The lower section contains the organization score of that influencer, the lower the more negatively it is influencing climate policy.