Rio Tinto dodges climate reporting fire, but issue unlikely to go away

Rio Tinto shareholders in Australia voted on Thursday against forcing the miner to set targets for the emissions of its steel-making customers, but the issue is unlikely to go away as more than a third supported the motion. Investors have been pushing for corporate giants to cut back their emissions as part of a wider drive to combat global warming outlined in the Paris climate accord.

Rio Tinto, which makes around 85% of its profits from sales of iron-ore, has come under increasing pressure given its huge exposure to the steel industry, one of the world's heaviest polluters.