EU asks Germany to add backstop to €1.8 billion coal exit payout
A state payment of as much as €1.2 billion to an entity of Czech billionaire Daniel Kretinsky’s EPH Group has been preliminarily passed by the European Commission.
Even in an optimistic low emission scenario for 2050, more than half the world’s copper mines will be in areas exposed to drought risk that’s deemed significant.
The world’s largest shipper of thermal coal had said it intended to spin the business off within two years of closing a deal to buy Teck Resources' steelmaking coal assets.