| An expert commission thinks its perfectly fine for Norway’s huge oil fund to keep investing in coal and other fossil fuels. Environmentalists objected immediately, but the commission argued that the fund can have more influence and control over coal production if it continues to be a major owner in coal companies.
Martin Skancke, leader of the commission, believes coal companies would simply continue to produce coal if the oil fund pulled out of them. Members of the commission, assigned to evaluate how Norway’s giant oil fund should handle its investments in coal and oil, thus recommended on Wednesday that the fund should hang on to them...............................................Full Article: Source
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