Glencore pressured to withdraw from new coalmines to prove climate change commitment

Australia's largest coal producer says decision to cap production doesn't mean it intends to drop greenfield coal projects

Green groups say Australia's biggest coal producer Glencore should commit to withdrawing from new coalmining projects if it is serious about aligning its business with the goals of the Paris agreement.

The company has moved to cap its output of thermal and coking coal at current production levels of 145m tonnes a year after pressure from investors who want companies to take stronger action and factor in the financial risks of climate change.