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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments

Move to ban coal shares in Norway’s $815 bln fund gains support

Posted on 28 January 2014

An opposition proposal to prohibit Norway’s $815 billion sovereign wealth fund, the world’s largest, from investing in coal companies has won the support of two minority parties whose backing the government needs.
The fund, commonly known as the oil fund, is the sixth-largest investor in BHP Billiton and the ninth-largest in Anglo American, among other companies that produce coal. The proposal by the opposition Labour Party calls on “the government to conduct a thorough investigation with a view to remove the fund’s investments into coal companies”………………………………………..Full Article: Source


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