Climate-conscious insurers scrap coal exit policy to stay on right side of antitrust rules January 19, 2022 A coalition of climate-conscious insurance companies have reportedly scrapped plans to stop insuring coal miners, to ensure they are not violating antitrust laws. The Net Zero Insurance Alliance, whose founding members include Axa, Allianz, and Aviva, dropped plans for a coal exit, after receiving advice from lawyers that the plans to join forces to prevent [...]
IEA urges India and China to put climate pledges into action as coal power generation reaches record levels December 17, 2021 The International Energy Agency has called on China and India to reduce coal power generation, describing both countries as “holding the key to future coal demand".
Thungela’s shares spike 15 per cent amid rising coal demand and upbeat trading report December 6, 2021 Shareholders in Thungela Resources (Thungela) are set for a hefty windfall as rising coal prices and energy demand strengthen its balance sheet.
Activist investor pushes Glencore to spin off coal business November 30, 2021 Activist investor Bluebell Capital Partners has called on commodities titan Glencore to spin off its thermal coal business.
Happening now in the City: Insurance giant Convex Insurance targeted over coal November 24, 2021 Convex Insurance, the London-based insurance company, is targeted this morning at the London Market Conference by environmental organisation Market Forces, putting further pressure on the insurance company to rule out underwriting the controversial Adani Carmichael coal project. Convex has not ruled out the project despite 40+ other major insurers having done so. The Adani Carmichael [...]
Higher coal and cobalt prices drive Anglo Pacific’s results upwards October 25, 2021 Anglo Pacific Group (APG), a leading natural resources investment company, today published encouraging third quarter results after it saw its highest-ever portfolio income contribution of $23.6m. Its record portfolio income results were 180 per cent high than the same period last year, and a fraction ahead of the firm’s interim results of $23.04m. APG’s results [...]