Largest Oz Coal Firm Embraces Climate Action, Will . . . Keep Producing Coal At Current Levels

[hatrack]

EOs of Australia's largest companies are hearing the message and realising that on issues from climate change to gender diversity the need to act is not just a moral one.

On Wednesday, Australia's largest coal miner, Glencore, joined a growing list of global companies that have succumbed to shareholder pressure to act on climate change.

The Swiss-based resources giant, headed by billionaire Ivan Glasenberg, recognised there is a business case for freezing its global coal production at current levels.

It said it would instead shift focus to producing commodities including copper, cobalt, nickel, vanadium and zinc. The announcement was made after the company held talks with the Climate Action 100+ initiative, whose global members collectively manage more than $US32 trillion in assets.

EDIT

https://www.abc.net.au/news/2019-02-22/how-investors-regulators-and-litigators-are-moving-australia/10834648

[eppur_se_muova]

1. Yay ! We're staying the same ! Hooray for us ! nt