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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments

Norway SWF coal withdrawal bad for environment and industry

Posted on 27 February 2014

The majority of parliament believes that the country’s Sovereign Wealth Fund should no longer be used to invest in the coal industry. Pro-industry lobbyists disagree. “We want to divest [our holdings] in 100 per cent coal companies because it’s is the most polluting energy source we have,” Deputy Centre Party (Sp) leader Trygve Slagsvold Vedum told NRK, Wednesday.
Milton Catelin from the World Coal Association visited the Norwegian Parliament this week hoping to change MPs minds. He argues it will affect the coal industry’s research into climate change………………………………………..Full Article: Source


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