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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments

Norway’s pension fund continues to invest in coal companies destroying Indonesia’s forests

Posted on 07 March 2014

Norway’s massive sovereign wealth fund is continuing to invest in coal companies that are destroying forests in Indonesia despite divesting from forestry and plantation companies with poor environmental track records, reports the Rainforest Foundation Norway.
Analyzing portfolio data released released by the Norwegian Government Pension Fund Global (GPFG), the environmental group found the fund has $21.5 billion in holdings in companies “from sectors known to be driving deforestation” and $3 billion in companies that run coal mining operations in Indonesia………………………………………..Full Article: Source


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