The hedge fund also recommended increasing dividends by discontinuing share buybacks and divesting a minority stake in Glencore's lucrative trading division.
The world’s third-biggest coal miner after China and India undercounts methane emissions from production of the fuel by six to seven times, according to Ember.
Beijing should control mining activity, limit output and consolidate smaller producers into state-owned firms to “reduce disorderly competition,” Shanxi Coking Coal Energy Group Chairman Zhao Jianze said.
A Wood Mackenzie report shows that the cost of electricity generated from renewable sources reached an all-time low in 2023 in the Asia-Pacific region.