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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments

Norway-Global to plough EUR400mln into carbon capture

Posted on 29 October 2009

From IPE: The Norway Government Pension Fund – Global is planning to invest over €400m in carbon capture and storage as part of its commitment to ethical and environmental investments.

Roger Schjerva, state secretary at the Norwegian ministry of finance, confirmed at a discussion organised by campaigning group FairPension in London on Monday that the fund will invest at least NOK3.5bn (€410m) in carbon capture facilities in 2010 - a concept considered to be a growth area for Norway as it will double the country’s commitment to the carbon capture field within a year……………………….Full Article: Source

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