“We see local coal producers like Thungela as yield companies; they should align their production with the requirements of climate science and national decarbonization policy, and importantly, pay out dividends while properly provisioning for the necessary rehabilitation and remediation,” he said in an interview. “I expect they would have a lot of very unhappy shareholders if they withheld dividends and blew capital on projects which have no return path.”

Source: The North Africa Journal June 11, 2021 05:03 UTC