Not exact matches
Cele notes that, «the demand from China for iron - ore continues to
grow, but at a declining pace, further exacerbating pricing pressure,» meaning that Vale's considerable
investment in nickel,
coal, fertilisers and copper will only partially mitigate the impact of the increase in iron - ore mining capacity globally on the company.
This approach is far superior to KfW's current plan because it firmly aligns with a
growing call to end support and
investment for new unabated
coal - fired power plants.
And even as nations work to reduce CO2 emissions from fossil fuel consumption,
investment in
coal, oil and gas production remains high and is expected to hold steady or continue to
grow.
The
investments are part of a wider dash for gas among the biggest energy companies, as the industry bets that the clean characteristics of gas compared with oil and
coal will allow it to keep
growing as other fossil fuels decline.