Hints and tips:
...Apollo Global Management, Blackstone and KKR were among the previous owners that shared the bulk of almost $800m in dividends after the company, Warrior Met Coal, was formed out of a bankruptcy reorganisation...
...(Patrick Temple-West) Record year for climate pressure on Japan Inc It has been a historic year for environmental activism at Japan Inc....
...Realpolitik is a place where Mark Carney, climate warrior and investor, finds himself these days....
...Unionisation played a role in BlackRock’s recent decision to vote against board members at Warrior Met Coal, an Alabama-based coal producer, where about 1,000 unionised miners have been on strike (as our...
...The clash of interests between miners in Alabama and private equity titans is now evident at Warrior Met Coal....
...A version of this article was first published by Nikkei Asia on October 26 2022. ©2022 Nikkei Inc. All rights reserved....
...Thermal coal was the only sector where it would not accept any appointments, unless a client wanted to decommission a mine, but other industries could be added to this blacklist over time he said....
...Some environmental warriors might scoff too....
...He met Xi in Shanghai and the Chinese drove a really tough bargain, forced the price down, but they built a pipeline, the Power of Siberia....
...Doubts have been underscored by failures of high-profile projects such as Petra Nova, a CCS-fitted coal-fired power plant in Texas that shut down last year....
...“I never met a short seller who has a long-term perspective,” he said at the time....
...The Met held its annual “Oscars of fashion” gala on Monday night (check out the picture on FT’s front page today)....
...A version of this article was first published by Nikkei Asia on November 30 2021. ©2021 Nikkei Inc....
...“Blood coin from China, [and] clean coin mined sustainably in countries that use hydroelectricity, not coal.”...
...That has generated carbon emissions travelling by sea from US miners such as Warrior Met Coal, with cash costs (not including investment) about $90 per tonne....
...Yes, you can probably guess whose tweets we’re talking about by now: While this is likely to be met with applause by the hard money Silicon Valley macro-tourists who like to post graphs of America’s exponential...
...Or maybe not: a central theme of a Credit Suisse investor conference this week is that change is moving faster in markets than most eco-warriors expected a year ago....
...The focus on sustainability was widely welcomed, but also met with scepticism....
...Couche-Tard co-founder and chairman, Alain Bouchard, met with French finance minister Bruno Le Maire on Friday to try to win him over with mixture of assurances and pledges, including to invest €3bn over...
...Irving-based Vistra owns 18 natural gase, coal and nuclear-fuelled power plants in the Texas market accounting for almost 19 gigawatts of output....
...Wall Street’s new “green warriors” are scrambling to create more credible reporting standards in an effort to avoid scandals and bubbles....
...Not that long ago, I met a woman from one of the world’s best known companies who had just had some unpleasant news....
...My father was born in Ukraine and my mother in Greece, they met as non-English speaking postwar migrants in Australia, where I was born....
...When Australia's then-ambassador to France met Emmanuel Macron for the first time in late 2017, he expected the French president to open with diplomatic niceties and small talk....
...We also recognise that coal used to make steel is less taboo for many investors than “thermal” coal used for power generation....
International Edition