that is bhp. you will not please esg investors with these names we need to wean the world off fossil fuels and mining and whatever it may be which is a multidecade if not longer affair bhp. >> bhp is another one. $143 billion market cap. dividend yield 5.3%. not as strong as rio tinto it is the largest mining company in the world headquartered in australia. 57% iron/ore petroleum at 8%. bhp understand they are getting out of the coal business they will sell to someone else someone private who will keep doing the coal never mind revenues are flat over the decade cyclical strong balance sheet profitable 20% free cash flow margins this is one if you want yields and concerned about inflation and some of the things we're seeing, these are names you have to think about >> it's hard to hear, but global coal production is at record highs. the world is using more coal than ever before bhp will have to sell it off and it will make money and we will not hear about it and a private buyer will not reveal stats

how have the likes of bhp and rio tinto responded so far, and what do they plan to do?hose companies initiated their own response to increasing allegations made over the years. one of the interesting things about this report is just revealed that these incidents are happening basically now in the metoo era, they are not historical. bhp recorded 79 substantiated reports of sexual harassment or assault in western australia alone between january 2020 and august 2021. so these are all happening now. bhp says it is committed to creating a safe and inclusive workplace and is taking action, including regular training, investing in millions to bolster facilities, and rio tinto also welcomed the report. . paul: asia commodities and energy editor, jason scott, thank you for joining us. also on the agenda in austria and new zealand today, new zealand markets are closed for the maori new year. and australia's central bank governor will participate in a discussion on global policy challenges. he has said that the central bank will do what is necessary to rein in inflation. melbourne

currently in texas for the company's merger with bhp petroleum.rade in london in the stock exchange, a big merger any months in the making. congratulations on it. i'm sure it feels good to get that deal done. i wanted to get an idea from you , what's the pitch to investors. this been a lot of momentum and energy stocks as oil prices have taken off. mega: the narrative that we put out to the market when we announce the merger last august was one of how the merger would strengthen the company and provide us with geographic diversity with -- and increase our diversity of products from being a company that was largely lng to have more in the portfolio. geographic diversity, expanding to a significant position in north america. in certain financial perspectives strengthening the balance sheets. the merger was done on a debt-free basis. over the course of the past year we've been working towards merger completion, of the market has strengthened i think that further enhances the value of the merger for shareholders by generating a company that has signif

bhp group will scrap the exit from thermal coal.hey will extend the life of the mind from -- life of the mine. it has been reviewing its options for the mount arthur mine in australia. it said on thursday that it did not attract a suitable offer for the asset. is the end of an era for revlon, the cosmetics giant has filed for chapter 11 bankruptcy, unable to manage its heavy debt load amid the supply chain crunch and steep inflation. they have liabilities of as much as $10 billion. they have faced years of declining sales as consumer tastes change. that is your bloomberg business flash. tom: angel feliciano in london, thank you indeed. the bank of england is set to deliver a fifth consecutive rate hike today, with officials expected to stick to a steady path amid concerns about a slowdown in growth. more on that story next. this is bloomberg. ♪ tom: welcome back to the open, we are 23 minutes into the european trading day. the relief yesterday short-lived, losses of 1% across the stoxx 600. s&p e-mini's pointing to losses of 1.5%. t

bhp that had dividends of eight, nine or more 10% it was pure profit taking. like when i watched the show, everybody's bullish on energy. one of the ways we discuss public profit in the market. >> it's in your backyard you deserve credit i haven't heard much from you today a. and i think that is a statement of the fact that you're just not doing that much these days in the markets. and you've taken down your exposure so dramatically, that in the conversations we've been having, it just hasn't given opportunity to get to you. but energy is not a space you have a lot of exposure either. perhaps you wish you did relative to other places you decided to remain on the sidelines or in cash >> i think it's true the only thing i do enoin the space is ovv come down a little from the highs. although, given what ren says and what i've been thinking, i'm thinking of doing that i've been active i sold the rest of apple and microsoft and the remainder of google unfortunately, despite my very bearish view coming into the year, is that i still have losses so, it was good oppor

. >> and bhp. alright, guys taking away all give more. coming up on the >> when fun time from the bay area's local news station. you're watching kron. 4 news. >> of the nba world. we've got that right tonight at 10, the golden state warriors handle business in boston and head back home to the bay with the larry o'brien trophy. it is the team's 4th nba championship in 8 years. this one feeling even more special. bringing warriors star steph curry to 2 years. thank you for watching. kron. 4 news tonight at 10. i'm pam moore and i'm ken wayne. what a game. what a season wasn't always easy. battling through injuries and >> finally silencing the critics. warriors now on top, as you just heard, they are the nba champion. we have team coverage tonight. our kylen mills is at chase center with the warriors hosted a watch party for all the local fans in the bay area. but >> we begin tonight with cloud for sports director jason dumas live in boston. and he was lucky enough. lucky, jason, to be there for the game. jason. >> hey, what's guys? as you c

. >> and bhp. alright, guys taking away all give more. coming up on the