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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments

Alliance targets Norway’s Whitehaven investment

Posted on 24 February 2014

A group of Australian NGOs is urging the Norwegian Sovereign Wealth Fund to divest from a controversial new mining project in northwest NSW. The Norwegian Sovereign Wealth Fund has an estimated $7 million invested in Whitehaven Coal, the company behind the Maules Creek Mine, Australia’s largest greenfield mining project which has been the target of a high profile opposition campaign by local farmers, traditional owners and environmentalists.
The fund controls over $910 billion, owning approximately 1 per cent of the world’s stocks………………………………………..Full Article: Source


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