RE: Coal industry will never recover after coronavirus pandemic, say experts17 May 2020 19:25
Great read Dav3J feels like we are close to change and support for VRFB's. Hopefully Lemur is offloaded like Afritin and wouldn't care if I didn't get any free shares. Funding maybe a concern so hopefully it can be offloaded to the Chinese partners for a small fee even.
''BNP Paribas is one of a growing list of financial institutions which have chosen to sever ties with coal. The bank said last week that it would accelerate its planned exit from coal financing to 2030 to bring its portfolio in line with the Paris climate goals sooner.
In the same week, the Norwegian sovereign wealth fund – the world’s biggest – ditched a host of coal mining and energy companies, including Glencore, Anglo-American, Vale and AGL over climate concerns. This follows coal blacklisting announcements by BlackRock, Standard Chartered and JPMorgan Chase.
The fossil fuel has fallen from favour in the eyes of many investors due to rising climate concerns, cheaper renewable energy alternatives and a public backlash against air pollution.''