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.