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Coal demergers are a carbon cop-out, Glencore CEO says

Hans van Leeuwen

London | Glencore CEO Ivan Glasenberg excoriated mining companies that sell or spin-off their thermal coal assets, saying they were ducking their responsibility to cut carbon emissions.

But Mr Glasenberg also admitted to a Financial Times conference in London that he would not rule out a Glencore demerger if investors demanded it.

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Hans van Leeuwen covers British and European politics, economics and business from London. He has worked as a reporter, editor and policy adviser in Sydney, Canberra, Hanoi and London. Connect with Hans on Twitter. Email Hans at hans.vanleeuwen@afr.com

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    Original URL: https://www.afr.com/companies/mining/coal-demergers-are-a-carbon-cop-out-glencore-ceo-says-20201017-p565y2