Sentences with phrase «coal assets from»

Despite this performance, Westmoreland Coal (NASDAQ: WLB) just spent around $ 300 million buying coal assets from Sherritt.

Not exact matches

Rio received $ US2.69 billion from Yancoal last year for its Hunter Valley coal mine, rail and port assets.

Over a year which has seen large banks halt funding for fossil fuel projects, major institutions divest from oil, gas and coal holdings, and oil companies snap up power and renewables companies in a bid to diversify their asset base, research published today by the UK Sustainable Investment and Finance Association (UKSIF) and the Climate Change Collaboration suggests nervousness over climate risk has shot up in financial circles.

«A speedy exit from coal investments by the finance industry is not just a question of avoiding stranded assets, but of maintaining a livable world.»

Amy Hojnowski, a senior campaign representative with the Sierra Club, said in a statement that «PacifiCorp's inability to acknowledge the actual risk of its coal assets has kept the west from meeting its true clean energy potential.

The financial think - tank says the fate of US coal should serve as a warning to investors in other fossil fuel markets worldwide who fail to prudently read a structural shift away from hydrocarbons and blindly continue to invest in assets that are in increasingly in danger of becoming stranded.

Jeremy Grantham, a billionaire fund manager who oversees $ 106bn of assets, said his company was on the verge of pulling out of all coal and unconventional fossil fuels, such as oil from tar sands.

Indian utilities may also want to consider a coal retirement policy previously used to help utilities retire nuclear assets through private - sector bonds, now being considered by utilities in Western U.S. states like Colorado and New Mexico to transition from coal to clean.

While NTPC is among the top 10 coal utilities globally with 44 GW coal - fired capacity, it is perhaps one of the Indian utilities most at risk from stranded assets.

The call for investors to divest from coal assets, one of the most carbon - intensive energy sources, has been primarily based on the harmful social and environmental outcomes linked with carbon emissions.

The compelling «stranded assets» narrative resonated amongst our senior management teams — helping us to focus on and cut through a mountain of complex research on the subject — directly influencing our decision to divest from coal in Q2 2015.

Another Scandinavian country is also cutting ties to coal as six Danish pension funds — which combined manage $ 36.3 billion in assets — decided in April to divest from coal, tar sands and deepwater and Arctic oil exploration.

Capital flight from stranded assets across the fossil fuel sector is accelerating (Shares of Peabody Energy, the largest private - sector coal miner in the world, are now down 99.7 per cent over the.

Norway's Storebrand, which holds more than $ 30 billion in assets, recently announced that it would exclude 13 coal and six oil sands companies from all investments «to reduce Storebrand's exposure to fossil fuels and to secure long - term, stable returns for our clients.»

By divesting their assets from fossil fuels, they are reducing the ability for big oil, coal and gas companies to develop new extraction projects, while citizens worldwide are rising to stop these projects in their communities,» said Yossi Cadan, Global Divestment Senior Campaigner at 350.org.

His principal goals are to encourage asset managers to sell their investments in thermal coal companies, and to dissuade financiers from supporting the expansion of coal mining activities, particularly in Queensland's Galilee Basin.

Most recently, a report from The Carbon Tracker with a forward by Lord Stern of the Grantham Research Institute on Climate Change (London School of Economics), argued that serious risks are accumulating for investors in high carbon assets, such as coal mining companies and the oil and gas industry.

From Germany's largest utility E.On selling off its coal and gas assets to Australia's biggest carbon polluter moving to zero emissions by 2050, the ball is well and truly rolling in terms of a transition away from fossil fuFrom Germany's largest utility E.On selling off its coal and gas assets to Australia's biggest carbon polluter moving to zero emissions by 2050, the ball is well and truly rolling in terms of a transition away from fossil fufrom fossil fuels.

The flight from high risk coal assets gathered pace, just as the development of high risk oil assets slowed.