Almost half of thermal coal firms set to defy climate pledge – report

Report identifies 935 firms finance industry needs to blacklist to meet Paris goals

Almost half the companies involved in the thermal coal industry are expected to defy global climate commitments by deepening their coal interests in the coming years, according to a report.

The study, by the green campaign group Urgewald, revealed that almost 1,000 companies should be blacklisted by investors because they remain tied to the thermal coal value chain almost four years after the Paris climate agreement came into effect.