The Australian raw materials group BHP is shedding its oil and gas business. The group announced that the area is to be merged with Woodside Petroleum. After the transaction is complete, BHP shareholders are expected to hold around 48 percent of Woodside. BHP is preparing for a global move away from fossil fuels and is therefore reducing its involvement in the area. The raw materials company has also sold coal holdings. In the course of the climate crisis, investors are increasing the pressure on companies to part with such businesses. BHP now wants to invest the equivalent of around 4.85 billion euros in a new fertilizer mine in Canada. In addition, the company announced the abolition of its double listing: In future there will only be one listing in Australia.