Focus on Economy Before Climate Deal, Glencore Urges Australia
- Miner’s global head of coal Peter Freyberg speaks in Sydney
- Australia was one of more than 150 signatories to Paris pact
Peter Freyberg, head of global coal at Glencore.
Photographer: Brendon Thorne/BloombergThis article is for subscribers only.
Australia may need to consider delaying its goals to combat global climate change in order to prioritize energy security and economic prosperity, according to a senior executive at Glencore Plc.
The country’s emerging energy crisis, in conjunction with government-imposed clean-energy targets, has undermined investor confidence and may force businesses to shut or move offshore, the commodity giant’s global coal head, Peter Freyberg, said in a speech Wednesday in Sydney.