31.05.2013 - Norway’s Government Pension Fund not addressing climate change
Norway’s Government Pension Fund has neglected to apply best practice in sustainable investments and is not yet fully addressing the impacts of global warming, according to the World Wildlife Fund, Norway (WWF-Norway). The fund, which is based on petroleum revenues, is currently estimated at $381bn, and is the world’s second largest sovereign wealth fund. More than one per cent of all European stocks are owned by Norway’s Government Pension Fund. Rasmus Hansson, CEO of WWF-Norway, commented: “Loaded with petroleum cash, Norway has a special responsibility in low carbon development and to help mitigate impacts from global warming on hundreds of millions of the world’s poor...............................................Full Article: Source
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