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Key investors in Swiss miner Glencore have demanded the company explain how its coal production plans align with global efforts to curb the warming of the planet, shareholders said Thursday.
International investors with $2.2 trillion in assets will ask commodity giant Glencore Plc to show how its development of thermal coal mines meets the goals of the Paris climate accord to keep... | January 5, 2023
Glencore investors are forcing greater disclosure on its coal production plans, as the company faces questions over its climate impact.
Australia’s biggest coal miner faces mounting pressure from large investors to justify how spending on new coal projects is aligned with the Paris Agreement.
HSBC AM and Legal and General Investment Management are among those challenging Glencore over its thermal coal production and impact on the planet.