Glencore has become the latest energy heavyweight to succumb to climate change pressure and has announced it will stop raising its coal production capacity, CNBC reports . The Swiss company’s current thermal coal production capacity is 150 million tons annually, which makes it the biggest single exporter of the commodity. But as pressure mounts on the energy and manufacturing industries to put more effort into tackling climate change by reducing harmful emissions, companies are beginning to transform. Glencore, for example, plans to use the capital that will be freed thanks to the capacity cap to increase its production of basic metals such as copper, cobalt, nickel, vanadium, and zinc, all of them used in EV batteries and other technology that enables the shift to cleaner energy generation. The move is also aimed at avoiding shareholder concerns as this group of stakeholders, too, become increasingly environmentally conscious. “To deliver a […]