China, India 'dominate coal stocks as some shun climate risks'

Bonn

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 three billion tonnes a year of thermal coal with 150 billion tonnes of reserves.