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Old 02-21-2019, 05:07 AM   #5063 (permalink)
RedDevil
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Glencore is capping its coal production for the climate!
https://www.cnbc.com/2019/02/20/glen...ng-output.html
Quote:
Glencore says it will not grow its capacity to produce coal beyond current levels around 150 million tons per ye[a]r.

The company will instead focus on increasing production of commodities used in electric vehicles and other low-carbon technologies.

Analysts say the move will tighten supplies and boost prices, allowing Glencore to keep money flowing from its coal segment even as it caps output.
And of course it will nudge its clients towards optimization and cleaner alternatives.
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Last edited by RedDevil; 02-21-2019 at 05:33 AM..
 
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