Gear’s break-up and delisting lowballs minority investors and does nothing for the environment
Elevated profitability at its thermal coal unit could support development of new businesses that do not face ESG pressures
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
WHEN shares in Golden Energy and Resources (Gear) suddenly swooned last Tuesday (Nov 8), I grumbled to my newsroom colleagues that they had crashed one of the best-performing stocks I happen to own.
Earlier that day, The Business Times had published a news report and a commentary about coal companies possibly facing financing risks as banks become increasingly concerned about environmental, social and governance (ESG) issues.
The news report and commentary – which specifically referenced Gear – said that coal companies might have to restructure themselves and offload assets that could become stranded as funding dries up.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
Near sell-out launches in March boost developer sales to 1,300 units after four slow months
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Genting Singapore’s Lim Kok Thay receives S$7.5 million pay package for FY2025
