As part of the agreement, CoA will source 72 MW (550 GWh/y) from AES Gener`s growing portfolio of renewable sources in terms of wind, solar and hydropower. As part of the updated sustainable development strategy, Teck has set itself the goal of being a carbon-neutral operator by 2050. To support this long-term goal, Teck has set milestone targets, including purchasing 100% of Chile`s total renewable energy demand by 2030 and reducing carbon intensity from operations by 33% by 2030. Teck had previously announced an agreement with AES Gener on the supply of renewable electricity for the Quebrada Blanca Phase 2 (QB2) project under construction. Once this is effective, more than 50% of QB2`s total electricity needs will come from renewable sources. With this agreement, First Nations will create the Anishinabek education system – a system developed by the Anishinabek to provide cultural and community educational programs and services for current and future generations of Anishinabek students. This includes promoting anishinaabe culture and language. As part of the agreement, CoA will source 72 megawatts (MW) (550 GWh/year) from AES Gener in terms of wind, solar and hydroelectric energy. The transition to renewable energy will replace old fossil fuel sources and eliminate about 200,000 tonnes of greenhouse gas emissions per year, the removal of more than 40,000 passenger cars from the road. Vancouver, B.C. – Teck Resources Limited (TSX: TECK. A and TECK. B, NYSE: TECK) and The AES Corporation (NYSE: AES) announced today that for the Chilean copper project Quebrada Blanca Phase 2 (“QB2”) in Chile, Compaa Minera Teck Quebrada Blanca S.A.
(“CMTQB”) and AES Gener S.A. (AES Gener) have entered into a long-term electricity purchase agreement to switch to renewable energy for about half of the electricity needed to operate QB2. This is a historic education agreement, in which the 23 First Nations and the Ontario government reaffirm their commitment to supporting the well-being and performance of Students in Anishinabek, wherever students attend school. The MEA will also support the implementation of the AES. This agreement is subject to certain conditions, which must be fulfilled by August 31, 2020, and Angamos will receive a net amount of $720 million this year. “Teck will address the global challenge of climate change by reducing the carbon footprint of our farms and leading our goals to become carbon neutral,” said Don Lindsay, President and CEO of Teck. “With this agreement, Teck has taken another step toward achieving our sustainable development goals, while ensuring a reliable, long-term, low-cost CdA feed for Teck.” “The shift to renewable energy for QB2 is part of Teck`s ongoing work to reduce emissions, achieve carbon neutrality across our company and support global action to combat climate change,” said Don Lindsay, President and CEO of Teck.