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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments, Financials

Norway’s sovereign fund halves coal exposure

Posted on 29 January 2014

Norway’s $817 billion sovereign wealth fund, the world’s largest, has halved its exposure to coal producers, with most of its remaining interest in the sector in Chinese companies, its chief executive said on Tuesday.
Oslo has been at diplomatic loggerheads with China since the award of its Nobel Peace Prize to human rights activist Liu Xiaobo in 2010. Norway’s parliament is studying a proposal to ban the fund from coal, which has the backing of a majority of parties, but not that of the minority government………………………………………..Full Article: Source


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