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

21. 02. 2019
08:22
The Guardian Lisa Cox

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

22.05.2019
€/MWh okte
Base
40.9304
-1.91021 %
Peak
44.3317
-1.57268 %
Offpeak
37.5292
-2.30596 %
22.05.2019
€/MWh elix
Base
36.2637
-7.97268 %
Peak
37.8917
-12.6165 %
Offpeak
34.6358
-2.29207 %
21.05.2019
€/MWh ote
Base
35.5696
-23.4322 %
Peak
40.2808
-24.1891 %
Offpeak
30.8583
-22.421 %

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