Glencore, the king of coal, bends to investors to put pressure on the climate

LONDON – Glencore PLC, one of the largest coal producers in the world, said it was limiting fossil fuel production in the face of increasing investor pressure on climate change.

This decision marks a major turnaround for a company that has invested billions of dollars in recent years to unearth more goods and sell them in areas of the world where demand is rising. Even when his rivals moved away from fossil fuel, Glencore continued to double. Last year, Australian assets of Rio Tinto PLC were cashed up to 1.7 million euros.