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Sovereign Wealth Funds Briefing - Categorized | Market

BHP boss Andrew Mackenzie warns against ban on fossil fuel investment

Posted on 05 March 2014

A ban on fossil fuel investment would ‘’seriously” slow global economic growth, and many of the people advocating such measures were speaking from northern hemisphere points of view, according to BHP Billiton chief executive Andrew Mackenzie.
Speaking in the wake of Norway’s decision to investigate whether its sovereign wealth fund should be banned from investing in coal, oil and gas, Mr Mackenzie said such debates often failed to properly understand the realities of life in poorer and developing countries, where 20 per cent of the world’s population still does not have access to reliable forms of energy………………………………………..Full Article: Source


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