COAL CAP THAT FITS:
Glencore has put a cap on its coal capacity. The large mining and marketing company has given a praiseworthy commitment that it will not lift its capacity beyond 150-million tonnes of coal a year, a figure it is already close to; it has also undertaken not to build another new coal mine. It is doing this in the interests of the world transitioning to a low-carbon economy and follows the company’s engagement with the investor signatories of the Climate Action 100+ initiative. Glencore, led by CEO Ivan Glasenberg, fully recognises the climate change science as set out by the United Nations Intergovernmental Panel on Climate Change.
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