IEEFA: 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.
Published by IEEFA 4th June 2020