CLIMATE SPECTATOR: BHP's fertile ground

BHP Billiton's bid for Potash Corp is a clear signal that climate change and population growth, and their impact on agriculture, are becoming a major strategic corporate issue.

BHP Billiton’s $US38.6 billion ($A43 billion) offer for Potash Corp, the world’s largest fertilizer company, has been years in the planning. Not only is it an attempt to diversify its core interests away from the mining of minerals, it’s a major bet that rising food demand, combined with the dramatic climate and weather events that are spoiling agricultural production around the world (and improving it elsewhere), will cause a significant growth in the use of fertilizer.

Potash’s own website gives a clue as to what BHP Billiton is pursuing here:

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