| Norway would bar its state pension fund, the world's biggest sovereign wealth fund, from investing in the worst climate-polluting companies. In its annual white book on managing the fund, the right-wing government proposed to "introduce a new criterion to exclude companies whose conduct to an unacceptable degree entail greenhouse gas emissions."
The proposal did not mention any companies by name. The new rule is in line with experts' recommendations in a December report, though its conclusions had left environmentalists and the political opposition disappointed. They had wanted to see the fund - which is valued at 835 billion euros ($885 billion), fuelled by Norway's state oil revenues - divest all of its holdings in companies linked to fossil fuels...............................................Full Article: Source |