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...The company has long insisted that publicly listed mining groups are better placed to responsibly run down coal mines as the world decarbonises, rather than selling them to privately held companies that...
...He now runs Eshelman Ventures, “an investment company primarily interested in healthcare companies”. Its logo and homepage feature prominent mountains....
...The new management of the coal spin-off may then be reluctant to whittle it down. Teck’s coking coal business, Elk Valley, will make the unit a more attractive investment....
...gives grid and local officials incentives to run coal in place of renewables to maximise revenue,” said Hove....
...The FTSE-listed company has had a fierce debate with shareholders about its climate strategy, with executives arguing it is better to retain and responsibly run down fossil fuel assets rather than sell them...
...By most metrics, 2023 was a year to forget for the largest package delivery company in the US....
...In the US and Europe, EVs remain significantly more expensive to buy than engine rivals, though they have lower running costs that make them more economical in the long run....
...The timing also made sense as Anglo has been on a torrid run under chief executive Duncan Wanblad, who took over in April 2022....
...Price’s own company Teck has also been under fire from NGOs about the environmental impact of its mines including water pollution at the Elk Valley coal mines in Canada, which it agreed to sell to Glencore...
...The two companies could perhaps share infrastructure for their metallurgical coal mines in Queensland Australia. Both have iron pellet businesses in Brazil....
...Investors and campaigners may now expect the company to ditch coal in two years, whatever the outcome at Teck....
...Indian infrastructure tycoon Gautam Adani’s flagship company withstood a collapse in coal trading revenues to post a rise in quarterly operating profits, in results published Thursday....
...Thanks to a strong run in coal prices in 2021 and early 2022, companies that pared back their exposure — see BHP’s and Anglo American’s 2021 sale of the Cerrejón mine to Glencore — experienced the regret...
...David Ellison, who runs Skydance, has 30 days to reach a deal with the company controlled by Shari Redstone’s National Amusements (NAI), her family’s privately owned cinema group that holds 77 per cent of...
...But one lesson from the bank run that led to SVB’s collapse was that what appears to be a diversified client base can quickly be understood as a lot of dudes taking their cues from a few head honchos....
...“It will be very professionally run.”...
...Some have blamed this on Google’s fragmented structure, big-company bureaucracy and the lack of a coherent company-wide plan for rolling out generative AI across its range of products and services, the Financial...
...But there are good reasons to believe Delta’s run can continue. Chief among them: the airline’s long-standing credit card deal with American Express....
...In legal cases being run simultaneously across Europe and the US, Moderna is not seeking to stop the use of the BioNTech/Pfizer vaccine but it wants judges to declare its patents have been infringed and...
...We got coal in our stockings so far . . . There’s still a very narrow market leadership on full display.” The S&P 500 is up 4 per cent year to date....
...company Canoo....
...International Container Terminal Services, a Filipino company, will run Durban port after a deal was clinched with unions to protect jobs....
...Even Groebler says he is not sure if Salzgitter will be able to run its plants entirely on hydrogen by 2033, when the company will have closed all of its blast furnaces....
...Then, there’s Amara’s Law: “We tend to overestimate the effect of a technology in the short run and underestimate it in the long run.” That seems particularly apt when thinking about AI today....
...Recently, restrictive shareholder proposals that called on banks to halt coal financing had not seen much success, Kosmas Papadopoulos, an executive director at ISS-Corporate, told me....
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