Besides Teck’s efforts to be low-carbon, market sources warned that some shareholders’ charters might forbid them from investing in carbon-intensive businesses.

Source: https://agmetalminer.com/2023/05/08/teck-resources-redacts-proposal-to-separate-metal-and-coal-companies/

The Teck Board and management team remain fully confident that Teck’s planned separation creates a greater spectrum of value enhancing opportunities for both Teck Metals and Elk Valley Resources (“EVR”).

Source: https://www.cbj.ca/teck-board-of-directors-unanimously-rejects-revised-unsolicited-proposal-from-glencore/