Lloyd’s of London to divest from coal over climate change
Lloyd’s of London, the world’s oldest insurance market, has become the latest financial firm to announce that it plans to stop investing in coal companies.
Companies’ low valuation, the current focus on operational efficiency in the mining sector, and the chase for overseas assets by Chinese investors, are pushing deals up.
An environmental advocacy group has launched a lawsuit against British Columbia’s Ministry of Energy and Mines and Texada Quarries, challenging the legality of the ministry’s recent approval of a coal export expansion on Texada Island.