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China, India dominate coal ownership as some shun climate risks - report

Reuters  |  BONN, Germany 

BONN, Germany (Reuters) - Investors in China and India increasingly dominate ownership of coal reserves amid campaigns for divestment in many rich nations to limit the risks from climate change, a study showed on Tuesday.The report, by British-based research group InfluenceMap, identified thousands of shareholders in 117 listed companies producing 3 billion tonnes a year of thermal coal with 150 billion tonnes of reserves.It said that ownership of thermal coal, used in power plants, was dominated by "strategic investors in China and India (governments, individuals, power companies, special ...

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