"Almost half the companies involved in the thermal coal industry are
expected to defy global climate commitments by deepening their coal
interests in the coming years, according to a report.
The study, by the green campaign group Urgewald, revealed that almost
1,000 companies should be blacklisted by investors because they remain
tied to the thermal coal value chain almost four years after the Paris
climate agreement came into effect.
Almost 440 of these companies plan to build coal plants, mines or other
infrastructure in the years ahead, according to Urgewald’s global coal
exit list, which it produced alongside 30 NGO partners. Meanwhile, only
25 companies on the list have set a date to phase out their coal use.
Heffa Schücking, the director of Urgewald, said the findings should
provide a wake-up call to investors who planned to continue to back
companies linked to the coal industry as global governments signal a
shift to cleaner energy sources."
Via Glyn Moody, who wrote "appalling; these companies should all go
*** Xanni ***
Chief Scientist, Xanadu
Partner, Glass Wings
Manager, Serious Cybernetics