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 by British-based research group InfluenceMap. The report has identified thousands of shareholders in 117 listed companies producing 3 billion tonnes a year of thermal coal with 150 billion tonnes of reserves and said that ownership of thermal coal, used in power plants, was dominated by strategic investors in China and India (governments, individuals, power companies, special purpose companies), a shift from Europe and North America in recent years, said Dylan Tanner, Executive Director, InfluenceMap.
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