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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments

Norway rejects ban on coal investments for biggest wealth fund

Posted on 21 March 2014

Norway’s parliament rejected a proposal to ban the nation’s $850 billion sovereign wealth fund from investing in coal companies. “I’m disappointed but it’s been a big move to put this issue on the agenda,” Torstein Tvedt Solberg, one of the Labor Party lawmaker’s behind the proposal, said in an interview in Oslo. The party will revise its proposal and may submit it again after April, he said.
Built on Norway’s oil and gas income, the fund takes into account ethical rules on human rights, some weapons production, the environment and tobacco when deciding on investments………………………………………..Full Article: Source


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