Heard on the Street: Juggling a clean energy future and the need for sooty profits now isn’t easy
Investors want companies to go green—even in heavily polluting industries like mining. But they also want juicy earnings. Balancing the two can get tricky, particularly when fossil fuel prices are high.
Australian mining giant Rio Tinto, which Wednesday reported a 2% decline in underlying earnings before interest, taxes, depreciation and amortization for 2018, is wrestling with this dilemma. The company has led the charge among big miners to divest coal, selling its Hunter Valley operations in 2017 and its remaining coal assets...
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