November 16, 2023

Top court kills Colombian royalty measure worth $780 million

The fiscal reform approved last year prevented oil and coal producers from deducting royalty payments from their corporate tax liability.

November 16, 2023

Top companies’ lobbying undermines their climate pledges, study finds

A study of 293 companies found that nearly 60% of those are at risk of "net zero greenwash" due to their lobbying.

November 16, 2023

Glencore bets on US love of coal with new fossil fuel giant

The company unveiled the first step in the process, with the deal to buy control of Teck.

November 16, 2023

Death toll in China coal firm office rises to 26; at least 38 injured

President Xi Jinping urged the authorities to ensure more safety measures are put in place to avoid such incidents.

November 15, 2023

Canada’s Lassonde ‘mystified’ by Teck choice of Glencore bid for coal unit

Pierre Lassonde said his consortium's offer was credible and comparable to what Teck's board accepted from Glencore.

November 15, 2023

Canada likely to approve Glencore-Teck deal despite foreign investment scrutiny

Canada has tightened in recent years its Investment Canada Act, the main tool used to review inbound deals to ensure transactions are not harmful to national security.

November 14, 2023

Canada to ‘carefully’ review Glencore deal for Teck’s coal

Teck needs approval from 11 jurisdictions — including countries where it ships coal — to complete the sale of the business.

November 14, 2023

Teck sells coal assets to Glencore, steelmakers for $8.9 billion

Under the deal, which still must be approved by regulators in Ottawa, Glencore is to pay $6.9 billion for 77% of Elk Valley Resources, Teck’s coal business.

November 14, 2023

Glencore ready to spin-off coal unit after sealing Teck buy

Glencore will merge Teck’s steelmaking coal business with its own coal assets before spinning off the combined unit.

November 12, 2023

Coal mining, oil industries among main sources of increasing air pollution in Africa – study

The burning of biomass fuel, the crude oil exploitation and coal mining industries are causing a severe deterioration of air quality in African countries.