Industrial Metals

Bloomberg reported that Glencore Plc (LSE:GLEN) expects efforts to curb climate change by keeping its fossil-fuel reserves in the ground to fail in the face of world energy demand.

Bloomberg reported that Glencore Plc (LSE:GLEN) expects climate change efforts to fail in the face of world energy demand.

As quoted in the market news,

His comments are a snub to a growing campaign that wants investors to shun fossil fuels that cause climate change. The world can’t safely extract all its oil and coal reserves, meaning some will end up as worthless stranded assets, campaigners say. Investors from Stanford University to the British Medical Association plan to cut fossil fuel holdings.

Click here for the full Bloomberg report

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