Mining giant Glencore has scrapped its $2.6bn dividend after slashing the value of its coal assets and plunging to a loss for the first half of the year due to the impact of the coronavirus pandemic.
I might be more sympathetic, but coal interests have positioned themselves as enemies of the world in their fervent climate change denials. Death to coal. May it stay forever buried.
If only someone had warned of the risk of stranded fossil fuel assets /s
Investors losing their shirts. It's what happens when you don't divest from fossil fuels soon enough. billmckibben
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