Large European investors will not simply shelve environmental and climate aspirations simply because Russia has reduced natural gas flows supplying the continent. Thus, companies restarting coal boilers to generate power or make products can expect to be met with some aversion among investors, Reuters reports.
Such companies include big players like chemical group Lanxess, utilities Enel and RWE, copper supplier Aurubis, and nations including Germany and Italy. Such entities are now again considering coal usage, thereby earning black marks among credit rating bureaus such as MSCI and Sustainalytics, according to the news agency.
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