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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...
...a UN pact on coal was first signed....
...The company’s focus on the fuel dates from the start of the industry....
...Levesque, a former officer on a nuclear submarine, said construction work near the site of a coal power plant, would begin in June regardless of whether the company received a permit from the Nuclear Regulatory...
...By most metrics, 2023 was a year to forget for the largest package delivery company in the US....
...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....
...A consortium led by Glencore has struck a $9bn deal to buy the coal business of Teck Resources, as the London-listed mining and trading giant doubles down on the fossil fuel....
...There’s a lot of German insurance companies on there. And there are also quite a lot of individuals who lend money to René Benko....
...It started converting from coal to wood pellets in 2013....
...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...
...The debt reduction plan aims to pave the way for the Swiss group to spin off a separate coal company in the second half of 2026, in what would be its most radical restructuring since buying mining group...
...Investors gave the company a market capitalisation of $6bn at its peak....
...New Delhi’s past attempts to attract private investment for new mines have had only limited success, in part because of a lack of appetite among companies reluctant to make long-term investments in the fossil...
...BHP and Japan’s Mitsubishi have sold two coal mines in Queensland to Sydney-listed Whitehaven for $3.2bn as part of the mining company’s move away from fossil fuels....
...Ahead of COP, there is also concern that moves by western capitals to block Chinese companies from clean tech investment will weaken the west’s case in encouraging China to strengthen its climate commitments...
...Demand for natural gas globally will then peak after 2040, although appetite for LNG will continue growing as China and developing Asian nations switch from dirtier coal to the comparatively cleaner fuel...
...That pipeline has made them an attractive takeover target in a sector where several of the largest mining companies are seeking to boost their long-term access to the metals needed to build the electrical...
...But its speciality business agreed to insure thermal coal mining company Global Mining Holding Company, LLC, and its subsidiary Signal Peak Energy for up to $2mn, for the two years to November 2023, according...
...of Indonesian coal to siphon off money abroad and overcharge power companies....
...Such a demerger would create separate Glencore coal and metals companies, which the company says will create more value for shareholders of both businesses....
...The Indian company is to close its coal-burning blast furnaces in the Welsh town of Port Talbot — which will come with the loss of 2,800 jobs — and replace them with far less carbon-intensive electric arc...
...Electricity production from coal and gas in the EU fell by 27 per cent and 15 per cent respectively, the IEA said, noting they were overtaken by wind power for the first time....
...This has forced lower-income countries to keep coal and other plants open....
...India’s Directorate of Revenue Intelligence, a government body that investigates economic crimes, conducted a years-long probe into whether Adani companies had been over-invoicing for imported coal, but...
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