The CEO of mining giant Glencore said out loud what plenty of C-suite execs doubtless think: the "ESG pendulum has swung back over the last nine or 12 months," Gary Nagle said, per several outlets.
State of play: Nagle's remarks Wednesday on the lessening pressure from investors on environmental, social and governance issues came as he discussed Glencore's reversing plans to spin off its lucrative coal business.
As more EVs hit the road, one often overlooked danger is the potential fire risk from parking all those energy-packed batteries together in an enclosed space, like a garage.
Why it matters: EV fires last longer, are harder to put out and have a tendency to reignite — a major concern for underground parking garages, maintenance facilities and bus depots.
Extreme ocean temperatures in the Coral Sea surrounding Australia's Great Barrier Reef hit their highest levels in at least four centuries this year, scientists reported on Wednesday.
Why it matters: Extreme ocean heat can trigger mass coral bleaching events, making coral more vulnerable to heat and other stress.
Glencore, the Swiss commodities giant, announced that it no longer plans to spin off its coal business.
Why it matters: This reflects how some institutional investors are cooling on ESG, and how coal economics are being boosted by soaring U.S. energy demands.
