BANGKOK -- Thai oil and gas conglomerate PTT Group has sold off its coal mining business in Indonesia as part of a plan to diversify away from fossil fuels and into green energy as the country aims to reach carbon neutrality in 2050 and net-zero emissions by 2065.
Energy
Thailand's PTT pulls out of coal mining through $471m asset sale
Offloading of business in line with government's 2065 zero-emissions target
.JPG?width=780&fit=cover&gravity=faces&dpr=2&quality=medium&source=nar-cms&format=auto)
PTT, a Thai state-owned enterprise, has to comply with the government’s environmental targets, which include reaching carbon neutrality in 2050 and net-zero emissions by 2065. © Reuters
Read Next
Latest on Energy
