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AUM in Action

Asset Owners Seek Clarity on Coal From Glencore

Rising investor demands for detail on transition planning and coal phase-out from mining firm come amid attempts to acquire Canadian rival. 

Mining major Glencore’s shareholders are demanding answers over its coal strategy and its Paris-alignment at its 2023 annual general meeting (AGM), held 26 May.   At the meeting, the US$64.8 billion mining firm faces a shareholder vote on its climate plan, as well as a shareholder resolution requesting disclosure over…

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