06.11.2013 - Could Norway's sovereign wealth fund join coal divestment trend?
Labour opposition calls for shift in investment strategy towards clean energy for national pension fund. Norway's Sovereign Wealth Fund (NBIM) could soon become the largest institutional investor to date to ditch coal investments, after the opposition Labour Party called on the new government to reform the $800bn fund's lending policies. A statement released by former foreign minister Jonas Gahr StÝre this week argued that the government should actively explore divesting from coal companies, building on its existing commitment not to invest in tobacco and palm oil firms...............................................Full Article: Source
Print