- Glencore (OTCPK:GLCNF, OTCPK:GLNCY) shareholders vote overwhelmingly for the company to provide more information on risks to its business from climate change.
- A growing number of investors and regulators are considering whether untapped deposits of oil, gas and coal around the world will be stranded as countries seek to curb climate change; Glencore is the largest exporter of thermal coal, with interests in ~30 operating coal mines in Australia, South Africa and Colombia.
- While supporting the resolution, Glencore Chairman Tony Hayward says "Coal remains the energy of choice for the emerging world and there is a reason for that. It’s cheap and readily available. It’s lifted billions of people out of poverty and will continue to do so."