Glencore Reverses Decision to Exit Coal After Shareholder Pressure

The mining giant will retain its coal operations following overwhelming investor support to keep the profitable business in-house.

Glencore initially planned to spin off its coal unit to focus on ESG goals and decarbonization.
Shareholders, including major investors like BlackRock and Goldman Sachs, opposed the spin-off.
Retaining the coal business allows Glencore to fund green transition projects and return cash to investors.
Global demand for coal remains high, contributing significantly to Glencore's profits.
The decision reflects a broader trend of investors reconsidering blanket bans on fossil fuel investments.