Why are corporate giants pulling out of thermal coal?
Fiduciary duty is driving financial change.
A striking development has occurred in the world of corporate finance.
The past few months have seen a string of corporations divest from thermal coal, starting with US investment giant BlackRock and extending to Japan’s Mizuho and the Norwegian Government Pension Fund.
A trend is setting in and coal is being dumped all over the world.
Why? It’s economics. Coal is no longer a safe investment.
Bob Carr, Professor of Climate and Business from the University of Technology Sydney (UTS) talks with IEEFA’s Tim Buckley, Director of Energy Finance Studies, Australia/South Asia.
They explore the financial impetus behind the sudden move from coal and its implications across Asia and Australia.
This podcast was first published by UTS.
4 June 2020