About: http://data.cimple.eu/news-article/d7f60917b079427fea617763b727058fc3361339618a532a2d0d7f3a

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About: http://data.cimple.eu/news-article/d7f60917b079427fea617763b727058fc3361339618a532a2d0d7f3a Goto Sponge NotDistinct Permalink

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rdf:type	schema:NewsArticle
schema:articleBody	Mining giant Glencore said on Tuesday it would target cutting carbon emissions by around a third by 2035 as it sank into the red for the first time in five years. The world's largest shipper of thermal coal posted a net loss of $404 million for 2019 as it saw prices for its key commodities squeezed. The firm reported a profit of $3.41 billion the previous year. CEO Ivan Glasenberg said Glencore had been facing "a challenging operating environment". Glencore is among a host of miners and oil firms under pressure to clean up their environmental act as concerns over the threats of climate change grow and is mapping out a path to ramp down use of the dirtiest fuel. He said the firm was "pleased to report progress against our commitments to the transition to a low-carbon economy" aided by "natural depletion of our coal and oil resource base over time". Glasenberg said the firm was also monitoring the effects of the coronavirus on global demand. He added the overall results, which saw core earnings decline 26 percent to $11.6 billion, ahead of analysts' forecasts of $11.25 billion, "reflected the prolonged and uncertain trade deal negotiations, generally weaker prices for our key commodities and some operational challenges experienced at our ramp-up/development assets." The London-listed group's annual results were hit by a $2.8 billion impairment charge for its Colombian coal, Chad oil and African copper portfolios. noo/myl/cdw/klm
schema:headline	Glencore eyes emissions cut as it posts 2019 net loss
schema:mentions	Chad Copper Greenhouse gas Coal Global warming Chief executive officer Coronavirus Ivan Glasenberg Impaired asset Glencore Low-carbon economy KLM CDW
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-02-18 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	70 (xsd:integer)

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