Build back badly? 935 coal firms likely to neglect climate goals, report shows - Front Page Live

Build back badly? 935 coal firms likely to neglect climate goals, report shows

935 coal firms likely to neglect climate goals as plans to build back badly with more infrastructure arise, report shows

Open cut coal mine Hunter Valley, Australia.
Max Phillips (Jeremy Buckingham MLC) / Flickr / CC BY 2.0

More than 900 thermal coal firms will likely fail to meet global climate commitments, with nearly half of those firms planning to build new coal plants, mines, or other infrastructure in the coming years, according to a new report.

The authors of the report, the campaign group Urgewald, argue banks and other investors should refuse to finance the 935 firms. “Waiting for coal companies to transition is a recipe for runaway climate change,” Heffa Schücking, the director of Urgewald, told The Guardian.

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