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Coal Investors Urged to Set Ultimatum After Dismal Results

  • Reclaim Finance says coal transition strategies are failing
  • Nonprofit says it’s time for finance industry to get tougher

A fresh analysis of the coal industry shows there are still widespread plans to step up production, suggesting that pressure from investors to force an exit from the world’s dirtiest fossil fuel is falling flat.

Almost a third of coal companies surveyed by Reclaim Finance are continuing to develop new production capacity, while close to 95% have no credible plan to move away from the business, Reclaim Finance, a Paris-based nonprofit, said on Tuesday.