April 14 Reuters Rio Tinto, one of the largest Australian mining companies, on Thursday confirmed its exit from the state mining lobby group after raising concerns that its policy on expansion of coal mines did not align with the Paris Climate Agreement.

Global firms have been looking to appease regulators and shareholders by aiming for higher emission cuts across their operations to align with the Paris deal.

After careful consideration, Rio Tinto will not renew its membership with the Queensland Resources Council QRC for the 20222023 financial year, Kellie Parker, Rio Tinto39;s Australia chief executive officer, said in an emailed statement, without specifying the reason for its exit.

The global miner39;s exit from the council comes after BHP had suspended its membership in 2020 with the lobby group, which had at the time campaigned against the Greens political party ahead of an election in coalrich Queensland state.

Investor advisory firm Australasian Centre for Corporate Responsibility ACCR had filed in February a shareholder resolution to Rio Tinto to suspend its membership with the resource council.

While Rio Tinto39;s exit from the QRC may have been triggered by ACCR39;s shareholder resolution, the company was under increasing pressure from its shareholders to rein in obstructive lobbying by its industry associations, ACCR said in a separate statement.

ACCR said the other members that claim to be supportive of the Paris Agreement including Anglo…