Tuesday, 16 May 2017

China, India dominate coal ownership as some shun climate risks

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Investors in China and India increasingly dominate ownership of coal reserves amid campaigns for divestment in many rich nations to limit the risks from climate change, a study showed on Tuesday.

British-based research group InfluenceMap identified thousands of shareholders in 117 listed companies producing 3 billion tons a year of thermal coal with 150 billion tons of reserves.

It said that ownership of thermal coal, used in power plants, was dominated by "strategic investors in China and India (governments, individuals, power companies, special purpose companies)."

Ownership had shifted towards Asia from Europe and North America in recent years, Dylan Tanner, executive director of InfluenceMap.

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