Australian Companies Preferring Metals Over Oil

With ESG investments increasing exponentially and climate protection awareness growing all over the world, the end of the oil and gas era seems close. This has pushed mining companies to align their capital with reduction pledges for gas emissions.

Rio Tinto sold its entire thermal coals portfolio in Queensland to Glencore for 1.7 billion dollars nearly three years ago. It also sold its shares in the Kestrel underground coal mines to....