Melbourne: One of the world’s biggest sellers of coal is yielding to investor pressure on climate change , the clearest sign yet that movement is sweeping the natural resources industry.In a surprise announcement, Glencore Plc promised to limit coal production as part of a broader move to align the business with Paris climate targets. The company won't carry out major acquisitions if it would materially add to total production, according to people familiar with the plans.The move shows that even a company like Glencore, which has spoken glowingly about the importance of coal, isn't immune to the power of investors who want action on climate change. The anticoal movement has led the biggest miners in the world to exit the business or pledge not to invest, and oil producers have vowed to cut greenhouse gas emissions.“We've been going through all the issues, it's been a lengthy period,” said Glencore Chief Executive Officer Ivan Glasenberg . “We have found a resolution where both parties are happy, it makes sense, we think we're doing the right thing.” For Glasenberg, the 62-year-old billionaire South African who runs Glencore, coal is personal. He started his career arranging coal shipments in Johannesburg in the early 1980s, when the company was called Marc Rich + Co AG. He rose through the trading ranks to eventually run the coal book.However, Glencore is far from abandoning the dirtiest fossil fuel . In fact, coal remains the chief money maker among its industrial assets. In recent years, as other companies retreated from coal, Glencore ramped up the business by picking up mines in Australia.“Limiting ourselves with no further growth will tighten up supplies. It should bode well for prices,” Glasenberg said.