Chris Bryant, Columnist

Glencore Plays Both Sides on Climate Change

Glencore is talking up electric cars, while investing in coal.

August 10, 2017 at 11:50 AM UTC

Chris Bryant is a Bloomberg Opinion columnist covering industrial companies in Europe. Previously, he was a reporter for the Financial Times.

1502367563_coal — Robert Nickelsberg/Getty Images

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Glencore Plc’s first-half results were pretty much as expected. The balance sheet is in much better shape and rising commodity prices mean there's lots of cash. So how could the mining and commodity trader grab investor attention?

Thanks in part to Elon Musk’s Tesla Inc, there are few better ways to woo the market than to hop on board the electric bandwagon. BHP Billiton Ltd. played that game this week. And on Thursday Glencore CEO Ivan Glasenberg had the following to say: