Renew Economy: "Crash in Ph Mining stocks this morning. There go the coal plants too. Cant look."
These were the words tweeted by Manny Pangilinan, the CEO of the Philippines biggest utility Meralco, which heavily invests in coal plants.
Pangilinan is one of the top business tycoons in the country and his tweet was in reaction to incoming President Rodrigo Dutertes announcement that environmentalist Gina Lopez had been offered the position of secretary of the Department of Environment and Natural Resources...