• Gustavo Bernal Torres

Almost Half of Thermal Coal Firms Set to Defy Climate Pledge

The study, by the green campaign group Urgewald, revealed a list of companies investors should blacklist because they remain tied to the thermal coal value chain almost four years after the Paris climate agreement came into effect-

  • “We are in a climate emergency and a speedy exit from coal is more urgent than ever. Our database identifies 935 companies the finance industry needs to blacklist if it is serious about fulfilling the Paris goals.”

  • The pipeline for new coal-fired power plants has reached 522GW-worth of coal-fired power plants, of which half are expected to be built in China, where four of the world’s top five coal plant developers are based.

Source: https://www.theguardian.com/business/2020/nov/12/thermal-coal-firms-climate-pledge-report-paris-goals

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