| Norway’s sovereign wealth fund, the world’s largest, will invest almost $3 billion into green technology stocks next year, Chief Executive Officer Yngve Slyngstad signaled. tarting Jan. 1, the $870 billion fund will accelerate investments in renewable energy, waste management and energy-storage companies, among others, Slyngstad said last week in an interview after giving a speech in Geneva. The shift will take place over a “shorter time frame,” he said.
The fund is under political pressure to boost investment in environmentally friendly areas and reduce its exposure to the coal industry. Yet the shift has proved challenging as investments in the cleanest technologies have generated low returns or even losses..............................................Full Article: Source
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