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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments

Norway’s Labour Party wants wealth fund banned from coal investing

Posted on 07 November 2013

Reuters reported that Norway’s opposition Labour Party would like to see the country’s $800-billion wealth fund banned from investing in coal producers. A spokesperson said that the party believes “humans are responsible for climate change so we must also see what we can do to reduce emissions.”
As quoted in the market news: The fund, the world’s largest sovereign wealth fund, is a major shareholder in some of the biggest coal miners on the planet, including global giants BHP Billiton , Vale and Anglo American, as well as China’s top producer, China Shenhua ………………………………………..Full Article: Source


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