This was aimed at purchasing steam coal, the source of the highest emissions. The group’s lack of financial supporters shows what taboo steam coal has become in the investment world. Nonetheless, world leaders have pressured the economy to separate from steam coal in the coming decades in order to curb global temperature rises. Glencore PLC, one of the world’s largest producers of steam coal, plans to maintain and close the mine rather than sell it. World leaders have pressured the economy to pull away from steam coal over the next few decades.

Source: Wall Street Journal December 18, 2021 12:39 UTC