Glencore's bid for Teck illuminates market pressures cutting against energy transition

The Teck-Glencore clash represents a contrast in strategies for confronting the energy transition.

“There’s this theoretical notion of the future and an energy transition,” said Bruce Lourie, president of the Ivey Foundation, a private charitable group dedicated to supporting Canada’s transition to a net-zero future. “Then there’s the present and in the present you can make a lot of money” from fossil fuels, he said.

Price has said this is necessary because the energy transition has changed the investment landscape. Teck used to receive a premium because it produced a diverse array of commodities, but “in recent years, the investor basis for base metals and steelmaking coal businesses have become increasingly divergent,” Price said on Feb. 23.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Glencore's bid for Teck illuminates market pressures cutting against energy transitionThe Teck\u002DGlencore clash represents a contrast in strategies for confronting the energy transition. Find out more. Par for the course for them blame everyone else for their own shortcomings. Teck is their own worst enemy.
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