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World Exploration Trends 2021 Report
Blog
2 Mar, 2021 Author J. Holzman
Russian mining giant PJSC Norilsk Nickel Co. was found responsible in 2020 for one of the largest oil spills in human history and was ordered to pay almost $2 billion in damages, exposing a significant risk for miners operating in a warming Arctic.
However, it is unclear how much investors cared. After a large dip amid the initial spread of COVID-19, the stock barely budged after the spill and has been performing far above pre-pandemic levels in recent weeks, an analysis by S&P Global Market Intelligence found. The share price also surged in November 2020 amid broader hopes for a rebound in economic activity and green spending by mature governments.