Teck and Caterpillar to Advance Zero-Emissions Mining Haul Trucks
26 Januar 2022 - 5:13PM
Teck Resources Limited ("Teck") (TSX: TECK.A and TECK.B, NYSE:
TECK) today announced an agreement with Caterpillar Inc.
(“Caterpillar”) (NYSE: CAT) to work towards deploying 30 of
Caterpillar’s zero-emissions large haul trucks at Teck mining
operations. Decarbonizing Teck’s vehicle fleet represents a
significant reduction in Scope 1 emissions as Teck works towards
its goals to reduce the carbon intensity of its operations by 33%
by 2030 and be a carbon-neutral operator by 2050.
“Teck is already one of the world’s lowest carbon intensity
producers of copper, zinc and steelmaking coal, and now we are
taking further action to develop and implement the technology
needed to reduce the carbon footprint of our operations and support
global efforts to combat climate change,” said Don Lindsay,
President and CEO, Teck. “Decarbonizing our haul truck fleet is a
critical step forward on our road to carbon neutrality and we are
pleased to collaborate with Caterpillar to advance this work.”
Caterpillar Group President Denise Johnson added, “We look forward
to working with Teck to support their climate goals and developing
solutions to increase operational efficiency while substantially
reducing emissions. We are excited to strengthen our collaboration
and deliver results.”The companies plan to progress through a
multi-phased approach together that includes early development,
piloting and deployment of 30 Caterpillar zero-emission vehicles,
including Cat 794 ultra-class trucks beginning in 2027. Teck
anticipates initially deploying zero-emissions trucks at its Elk
Valley steelmaking coal operations in British Columbia, Canada. The
operations are already powered by a 95% clean electricity grid,
making it an ideal location to introduce one of Canada’s first
zero-emissions large haul truck fleets, with options for
trolley-assist technology. Click here to learn more about
Teck’s approach to taking action on climate change.
Forward-Looking StatementsThis press release
contains certain forward-looking statements within the meaning of
the United States Private Securities Litigation Reform Act of 1995
and forward-looking information as defined in the Securities Act
(Ontario). The forward-looking statements relate to
expectations with respect to decarbonization of our vehicle fleet
and our long-term sustainability strategy, including but not
limited to our 2030 and 2050 goals. These statements involve
known and unknown risks, uncertainties and other factors that may
cause actual results or events to differ materially from those
anticipated in such forward-looking statements. The
forward-looking statements in this press release are based on
assumptions regarding commodity prices, general economic conditions
and the performance of our business, performance of emerging
technologies, as well as our ability to achieve our climate goals
and the longer term impacts of those goals on our business, among
other matters. The foregoing list of assumptions is not exhaustive.
Factors that may cause actual results to vary include, but are not
limited to, changes in commodity prices or general economic
conditions, actual climate-change consequences, adequate technology
not being available on adequate terms, and changes in laws and
governmental regulations or enforcement thereof that impact our
operations or strategy. We assume no obligation to update
forward-looking statements except as required under securities
laws.
Further information concerning risks and uncertainties
associated with these forward-looking statements can be found in
our annual information form for the year ended December 31, 2020,
filed under our profile on SEDAR (www.sedar.com) and on EDGAR
(www.sec.gov) under cover of Form 40-F, as well as subsequent
filings under our profile.
About TeckAs one of Canada’s leading mining
companies, Teck is committed to responsible mining and mineral
development with major business units focused on copper, zinc, and
steelmaking coal, as well as investments in energy assets. Copper,
zinc and high-quality steelmaking coal are required for the
transition to a low-carbon world. Headquartered in Vancouver,
Canada, Teck’s shares are listed on the Toronto Stock Exchange
under the symbols TECK.A and TECK.B and the New York Stock Exchange
under the symbol TECK. Learn more about Teck
at www.teck.com or follow @TeckResources.
About Caterpillar With 2020 sales and revenues
of $41.7 billion, Caterpillar Inc. is the world’s leading
manufacturer of construction and mining equipment, diesel and
natural gas engines, industrial gas turbines, and diesel-electric
locomotives. Since 1925, we’ve been driving sustainable progress
and helping customers build a better world through innovative
products and services. Throughout the product life cycle, we offer
services built on cutting-edge technology and decades of product
expertise. These products and services, backed by our global dealer
network, provide exceptional value to help our customers succeed.
We do business on every continent, principally operating through
three primary segments – Construction Industries, Resource
Industries, and Energy & Transportation – and providing
financing and related services through our Financial Products
segment. Visit us at caterpillar.com or join the conversation
on our social media channels at caterpillar.com/social-media.
Media Contact:Chris Stannell Public Relations
Manager604.699.4368chris.stannell@teck.com
Investor Contact:Fraser PhillipsSenior Vice
President, Investor Relations & Strategic
Analysis604.699.4621fraser.phillips@teck.com
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