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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments

Norway’s billions could go into renewables

Posted on 15 October 2013

Norway is sitting on a huge pot on money – and a new government now being formed in the country is considering investing some of that vast stock of wealth in renewable energy projects around the world.
World Wildlife Fund (WWF) wants the Norwegian fund to allocate 5% of its portfolio to direct investments in renewable energy infrastructure and projects – and to end its investments in coal and tar sands. The fund – officially known as the Norwegian Government Pension Fund Global, which up to 2006 was called the Petroleum Fund of Norway – was formed in 1990 and makes its money through taxes from Norway’s substantial oil and gas sector………………………………………..Full Article: Source


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