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Glencore pressured to withdraw from new coalmines to prove climate change commitment

21. 02. 2019
08:22

Australia’s largest coal producer says decision to cap production doesn’t mean it intends to drop greenfield coal projects Green groups say Australia’s biggest coal producer Glencore should commit to withdrawing from new coalmining projects if it is serious about aligning its business with the goals of the Paris agreement. The company has moved to cap its output of thermal and coking coal at current production levels of 145m tonnes a year after pressure from investors who want companies to take stronger action and factor in the financial risks of climate change.

# Fuels
# Coal
# Politics
# Envi
# Renewables
Glencore pressured to withdraw from new coalmines to prove climate change commitment

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Commodity data

26.03.2019
€/MWh okte
Base
37.015
15.3594 %
Peak
38.0067
14.5958 %
Offpeak
36.0233
16.1762 %
26.03.2019
€/MWh elix
Base
32.9233
26.5349 %
Peak
32.8808
15.129 %
Offpeak
32.9658
40.4096 %
25.03.2019
€/MWh ote
Base
32.4425
-7.30825 %
Peak
32.2742
-5.58738 %
Offpeak
32.6108
-8.95068 %

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