More than 40 percent of world coal plants are unprofitable -report
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LONDON (Reuters) - More than 40 percent of the world's coal plants are operating at a loss due to high fuel costs and that proportion could to rise to nearly 75 percent by 2040, a report by environmental think-tank Carbon Tracker showed on Friday.Institutional investors are increasingly divesting from fossil fuel companies due to the risk their assets will become stranded as tougher emissions cut targets discourage their use and renewable energy becomes even cheaper. London-based Carbon Tracker..