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Sovereign Wealth Funds Briefing - Categorized | Market

Norway’s oil fund may shun coal stocks, ruling conservatives say

Posted on 16 December 2013

Norway may next year decide that its $800 billion sovereign wealth fund, the world’s biggest, should boycott companies that produce coal, the government’s leading party said.
The opposition Labor Party, Norway’s biggest, last month proposed a ban on investments in stocks and bonds issued by those companies in a bid to promote cleaner energy. That proposal could gather a majority in parliament and be included in the oil fund’s investment strategy, according to Nikolai Astrup, energy and environment spokesman for the Conservative Party, which heads the new government………………………………………..Full Article: Source


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