11.03.2015 - Norway SWF may pull investment from Bangladesh's coal plant
Norway’s pension fund may withdraw investment from a coal plant to be built with Indian partner on the edge of Sundarbans mangrove forest, citing threat of severe environmental damage. The massive 1,320 megawatt Rampal thermal plant would sit on the edge of Sundarbans, the world’s largest mangrove forest, in Bangladesh. For more than two years, citizens, artists, and social and environmental activists protested plans to build this plant close to a forest that is a United Nations Educational, Scientific and Cultural Organisation’s world heritage site as well as a Ramsar wetland site. In September 2013, about 20,000 people marched for five days from Dhaka to Dighraj. ‘The long march’ covered a distance of nearly 250 miles, to demand the scrapping of the power plant...............................................Full Article: Source
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