Glencore says coal an investment opportunity despite CO2 worry

June 13, 2016

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Coal is an investment opportunity as global demand will grow and a halt in spending would halve seaborne supplies in 15 years’ time, Glencore said on Monday, adding its own coal operations would be depleted by 2035 without new funds. The Paris Agreement on climate change agreed in December triggered selling in companies heavily exposed to coal, the most carbon-intensive of the fossil fuels.

Category: General