| Norway's $870 billion wealth fund is not an effective tool to fight climate change, a government commission said on Wednesday, rebuffing opposition calls that it should be forced to sell out of all coal investments.
The fund, which holds stakes in around 8,000 companies on all continents, should instead strengthen its active ownership, putting more weight on climate change and sell out of the worst offenders, the commission said in a statement. The fund, the world's biggest sovereign wealth fund, owns more than 1 percent of all global shares and many other long-term investors take their cue from its decisions...............................................Full Article: Source
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