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Companies

Australia's Wesfarmers quits coal as pollution headwinds mount

Conglomerate to sell off last mining stake for $640m and focus on retail

Wesfarmer's coal mine in Bengalla. The Australian company decided to sell the mine as coal falls out of favor due to its high carbon emissions.

SYDNEY -- Australia's Wesfarmers is exiting the coal business after unloading its last mining asset, shifting management resources to segments like retail as pressure against the heavily polluting fuel grows.

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