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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments

Norway’s oil fund may inject $40bln in renewables

Posted on 14 March 2014

Norway Prime Minister Erna Solberg has confirmed plans to increase the exposure of its $920 billion sovereign wealth fund – the world’s largest – to renewable energy, part of its stated plans to use its vast wealth to combat climate change.
Norway currently invests only a fraction of its sovereign wealth fund (built up from mostly oil revenues) to green investment. Solberg says this will be expanded, but she will not say how much until April 4. The government has already appointed independent experts to evaluate whether the fund should exit its coal, oil, and gas investments, which currently make up around 10 per cent of its value………………………………………..Full Article: Source


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