Glencore moves to cap global coal output after investor pressure on climate change
5 years, 10 months ago

Glencore moves to cap global coal output after investor pressure on climate change

ABC  

Australia's largest coal miner Glencore has succumbed to shareholder pressure to take action to address climate change, and announced it will cap its global coal output. Key points: Glencore will cap its global thermal and coking coal production at the current level of about 145 million tonnes The move comes after much global investor pressure, including from major Australian super funds The company will also review its membership of trade associations, including the Minerals Council of Australia The Swiss-based resources giant said it would freeze coal production at current levels, and instead focus on commodities including copper, cobalt, nickel, vanadium and zinc, as part of its "global response to the increasing risks posed by climate change". It said it would cap its global thermal and coking coal production at the current level of about 145 million tonnes after holding talks with the Climate Action 100+ initiative. Climate change a major election issue The Australia Institute said the announcement had major repercussions for Glencore's Australian operations.

Global Climate Change Change Australia Climate Coal Company Paris Cap Including Major Investor Coal Production Glencore  investor  coal  major  paris  company  global  moves  pressure  climate  cap  thermal  including  australia  glencore  output  change

History of this topic

Australia is recklessly blowing its own climate promises
2 weeks, 4 days ago

Australia is recklessly blowing its own climate promises

The Independent  

The best of Voices delivered to your inbox every week - from controversial columns to expert analysis Sign up for our free weekly Voices newsletter for expert opinion and columns Sign up to our free weekly Voices newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. And it’s not just domestic emissions …

Labor, Greens look set to push businesses to adopt tougher emission targets
2 years, 7 months ago

Labor, Greens look set to push businesses to adopt tougher emission targets

ABC  

The future of Australia's biggest emitters looks uncertain under the new Labor government, with the Greens and climate change-focused independents set for a loud voice. Emma Herd says corporate Australia is set for a "debate" on what the climate change targets should be. Corporate Australia ignoring climate risk Photo shows Children hold a sign saying 'Adieu fossil fuels' outside the …

Australian election: Where is climate change on the agenda?
2 years, 7 months ago

Australian election: Where is climate change on the agenda?

Al Jazeera  

The majority of Australians want action on climate change, but you would not know that from the campaign for Saturday’s election. “Despite decades of warnings from scientists about climate change, Australia is unprepared for the supercharged weather that it is now driving,” said Hilary Bambrick, co-author of Australia’s annual assessment of progress on climate adaptation. “Australia is at the forefront …

Coal mining or climate action? Australia faces up to COP26
3 years, 2 months ago

Coal mining or climate action? Australia faces up to COP26

Al Jazeera  

Australian government’s new ‘plan’ to combat climate change may have little effect if coal mining continues. Canberra, Australia – Days before departing for Glasgow to attend COP26, Prime Minister Scott Morrison announced the Australian government’s plan to combat climate change. Morrison’s latest plan – described as “the Australian way” to reduce carbon emissions – relies heavily on unspecified “low emissions …

Analysis: Australia’s climate policy is being dictated by a former accountant in a cowboy hat
3 years, 3 months ago

Analysis: Australia’s climate policy is being dictated by a former accountant in a cowboy hat

CNN  

CNN — Australia’s Prime Minister has all but confirmed he won’t join global leaders at crucial climate talks in Glasgow. “It’s talking to people in regional Australia, how the deputy prime minister and I believe our plan will help them in their communities, how our plan will help them realize their future.” With that remark, Morrison made it clear his …

'Appalling' policy inaction draws former UN climate leader into federal election campaign
5 years, 8 months ago

'Appalling' policy inaction draws former UN climate leader into federal election campaign

ABC  

The United Nations' former climate change czar has intervened in the Australian election, publicly backing four female independent candidates and calling out "appalling inaction in Canberra" on climate change. Key points: Christiana Figueres led the global negotiating process that culminated in the 2015 Paris climate change agreement She has thrown her support behind four female independents whose key opponents are …

Climate change-related litigation was once seen as a joke, but it could soon become business reality
5 years, 10 months ago

Climate change-related litigation was once seen as a joke, but it could soon become business reality

ABC  

CEOs 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. In a speech in June, …

Australia's biggest companies failing to plan for climate change risks: report
5 years, 10 months ago

Australia's biggest companies failing to plan for climate change risks: report

ABC  

Australia's biggest companies are ignoring calls from regulators and investors to do more to mitigate the risks of climate change, with a new study finding that many of the nation's top 100 companies still do not identify climate change as a material business risk. Key points: Of 72 big listed companies operating in sectors, more than half identify climate change …

Discover Related