- Write by:
-
Wednesday, December 13, 2023 - 01:12:06
-
107 Visit
-
Print
Mining News Pro - Glencore will publish an updated climate action transition plan in March 2024, it said on Wednesday, after some investors rejected its climate progress report and it agreed to buy Canadian miner Teck Resources’ steelmaking coal business.
More than 30% of Glencore’s investors, including major shareholder BlackRock, rejected the company’s climate report at its annual meeting in May, demanding more clarity on how it will meet its commitments to cut emissions.
Around 29% of shareholders also backed a resolution seeking more disclosure on progress in scaling back its production of thermal coal, the most polluting of its resources.
In November, Glencore agreed to buy Teck’s steelmaking coal unit, paving the way for an eventual spin-off of its entire thermal and metallurgical coal business within 24 months of the deal’s close.
Glencore on Wednesday said it will address the climate-related aspects of the acquisition, without giving details.
It also said it will continue to engage with shareholders and other stakeholders, as well as monitor external developments.
Many of the world’s biggest listed companies published their first climate action plans to cut emissions in 2020, in a bid to help reach the 2015 Paris Agreement goal of capping temperatures within 1.5 degrees Celsius of pre-industrial levels.
Short Link:
https://www.miningnews.ir/En/News/627752
Albemarle, the world’s largest producer of lithium for electric vehicle batteries, could look at reducing capital ...
Belgium’s Nyrstar is reactivating the Budel zinc smelter in the Netherlands after a four-month period of care and ...
Coal India Ltd., the world’s largest producer of the commodity, reported a 26% increase in fourth-quarter profit, driven ...
Emerging North American gold producer Contango ORE is boosting its landhold in Alaska with the acquisition of Canada’s ...
Gold fell, with market watchers saying the previous day’s rally in response to Federal Reserve Chair Jerome Powell’s ...
Barrick Gold Corp.’s chief executive officer says the gold miner will continue to host virtual-only annual general ...
Canadian miner Barrick Gold on Wednesday beat first-quarter profit estimates on higher bullion prices and said it has ...
BHP Group can’t cherry pick Anglo American assets without paying a hefty premium, Anglo investors told Reuters, ...
Glencore expects profit at its trading division this year to be at the top end of its long-term annual guidance, in an ...
No comments have been posted yet ...