Coal is out, net zero now the goal in BOE’s greener bond buying

Supported metal prices, debts being slashed, and production efficiency growth were the keys for the good performance.

Hardrock mining is fundamentally different than oil, gas, and coal because it is much more difficult to find and develop hardrock mineral resources.

Coal’s use to generate electricity has declined precipitously in the U.S. despite a revival push by President Donald Trump.

The Australian miner aims to use funds to support growth ambitions.

Scientists agree coal is choking the planet—so why is it so hard for governments to ditch?

The announcement follows illegal capacity expansions approved by local governments under the cover of capacity swaps.

Coal is Australia’s second-largest income generator after iron ore, and many lawmakers welcome efforts to boost an industry that brings in A$60 billion ($42 billion) a year.

Norwegian pension fund manager KLP has sold $366m of bond and equity exposure in 46 companies, including leading miners BHP and Anglo American.

A law set to pass in June will see the Norwegian Oil Fund divest more from coal, and invest over $20B in renewable energy.