30.01.2014 - Norway’s giant wealth fund deals $405mln blow to coal industry
Norway’s sovereign wealth fund, the world’s largest, may have to withdraw funding from coal following a likely vote in the Norwegian parliament, fueling the hopes of environmentalists that new mines and infrastructure will struggle to find finance. If minority parties in Norway’s new coalition government back an opposition motion to withdraw from coal, then the country’s wealth fund would be the latest high profile investor to block funding for an industry that accounts for a third of the world’s power generation and is blamed for being the main cause of climate change...............................................Full Article: Source
Print