The development comes as Glencore gets closer to completing its acquisition of Teck Resources’ steelmaking coal business
A majority of Glencore investors have indicated they were satisfied with the commodities giant’s plans to reduce carbon emissions, just as it gets closer to completing its acquisition of Teck Resources’
Many of the world’s biggest listed companies published their first climate plans in 2020 to cut emissions in line with the 2015 Paris Agreement goal of capping temperature increase to within 1.5 degrees Celsius of pre-industrial levels. He added that Glencore will immediately consult with shareholders once the deal is completed and if the majority “indicate a willingness to spin off coal, then we will immediately take it to a binding vote.”
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