Investors have said that only two of the world's 20 biggest listed coal companies have a long-term goal of reducing emissions from Rio and vale, and three do not recognise climate change.

 

According to the Anglican (Church of England), led by a group of investors, the world's largest coal mining enterprises must show that they will be how to reduce carbon emissions to achieve the aim of global climate change under the Paris agreement.

 

By its management with a total of more than 34 trillion pounds of assets investment fund alliance "Transition path action" (the Transition Pathway Initiative) according to a report released Tuesday 20 largest listed coal companies, only two (Rio Tinto (Rio Tinto) and Brazil's Vale (Vale) developed a long-term goals to reduce emissions.

 

The study, said the DMCI holding company (DMCI Holdings), Inner Mongolia Yitai Coal co., LTD. (Inner Mongolia Yitai Coal) and Shougang fukuyama Resources Group (Shougang Fushan Resources Group) this three companies do not even admit that climate change problems. The report comes after the Paris climate change agreement, which took effect last November, aims to limit global warming to two degrees Celsius above pre-industrial levels.

 

The UK's episcopal pension and investment fund, which has a pension and investment fund of nearly 10 billion pounds, is in charge. Matthews (Adam Matthews) said: "we still need to have the ability to assess, in view of the path to achieve the goal of global agreed to 2 degrees Celsius, the enterprise how much carbon emissions reduction should be in the future."

 

According to the VanEck Vectors Coal ETF, the stocks of Coal producers have generated a 38 per cent return over the past year, although many large investors have shunned Coal.

 

The benchmark Australian thermal coal benchmark index has more than doubled in 2016 and has briefly climbed above $100 a tonne after China restricted its domestic producers.

 

China's demand for coal is unlikely to peak until 2026, according to Bloomberg New Energy Finance, although demand for coal in developed countries is falling. Coal will still account for 30 per cent of China's electricity generation in 2040, the research group said in a recent report.

 

Jon Stewart, head of social performance and participation at Anglo American. Samuel (Jon Samuel), said the increase of mining enterprise action may help investors and transparency index provider to better determine which enterprises in coping with climate change - not completely avoid the coal enterprises.

 

The study, carried out by the London School of Economics and Political Science, divided companies into five levels based on 14 questions related to climate change. The study, said only Anglo American, BHP Billiton (BHP Billiton and Rio tinto is zoned to the highest level, and the three companies may not have a reach the highest level of all the evaluation standards.

 

In addition, only seven of the 20 largest listed coal mining companies reported emissions from downstream coal burning, known as lifecycle carbon emissions.