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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...
...“I was seeing the trend of fossil fuels and coal going down,” Kameníček recalls. “I didn’t like that we were basically burning coal to turn on the lights.”...
...a UN pact on coal was first signed....
...OECD countries have held a second round of closed-door talks in Paris to debate proposals by the EU and UK to cut off most export credit agency loans and guarantees for oil, gas and coal mining projects,...
...The company’s focus on the fuel dates from the start of the industry....
...Glencore has promised to spin off its coal business as a standalone company, subject to shareholder approval, within 24 months of closing a $6.9bn deal it made in November to buy the coal division of Canada...
...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....
...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...
...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...
...It started converting from coal to wood pellets in 2013....
...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....
...Investors gave the company a market capitalisation of $6bn at its peak....
...Natural gas emits less CO₂ than coal when burnt, but its main component, methane, is a more potent greenhouse gas than carbon dioxide, albeit shorter-lived....
...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....
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