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.
It’s not just the focus on climate. It’s economics. Coal is no longer a safe investment.
Bob Carr talks with Tim Buckley, Director of Energy Finance Studies, Australia/South Asia at the Institute for Energy Economics & Financial Analysis (Australia). They explore the financial impetus behind the sudden move from coal and its implications across Asia and Australia.