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Sovereign Wealth Funds Briefing - Categorized | Financials, Market

Why it makes sense for Norway to sell its fossil fuel shares

Posted on 11 March 2014

The Norwegian government’s sovereign wealth fund, which owns part of almost every listed company in the world, is considering selling out of its investments in carbon-intensive firms.
Given that the $840 billion fund, the world’s largest, invests the proceeds from the country’s oil and gas industry, this would be a stunning move. But the Norwegian Government Pension Fund does not have to look far for sound business reasons to take this step………………………………………..Full Article: Source


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