Glencore Sticks With Coal, Cites Pendulum Shift on ESG - WSJ

#environment #energy #pollution #climate

Oh shit this is really really bad

Glencore abandoned a plan to spin off its coal business after shareholders encouraged it to keep mining the fossil fuel, in the latest signal that the finance world’s sustainable-investing craze is fizzling out.

https://www.wsj.com/business/earnings/glencore-decides-to-keep-coal-business-swings-to-surprise-loss-31c6d455?mod=itp_wsj