The Biden administration is preparing to propose stringent limits on greenhouse gas emissions from coal- and gas-fired power plants.

The Montreal-based investment firm says it does not find the offer put up by Glencore attractive.

Nine institutional investors added their weight to calls for more transparency from one of the world's biggest producers of thermal coal.

Canada’s investment law gives the government some latitude to block foreign takeovers of large companies, though the power has not been used frequently.

Shareholders plan to vote on the split later this month, even as Glencore is pursuing a $22.5 billion bid of its own to buy Teck.