Glencore to limit coal production after pressure from investors

Church of England among shareholders who pushed for environmental decision

The commodities trader Glencore has bowed to pressure from shareholders, including the Church of England, to limit coal production for environmental reasons - days after reporting that it produced nearly 130m tonnes of the fossil fuel last year.

The Switzerland-based firm, whose oil-trading operation is based in London, laid out plans to improve its environmental record, including a review of its membership of trade bodies it fears may be undermining the international Paris climate agreement.