| Norway's $900 billion sovereign wealth fund, the world's biggest, has reduced the value of its coal mining portfolio by almost 40 percent in the first quarter, its head told parliament on Monday. Environmental groups and some Norwegian politicians have accused the fund of having too large an exposure to coal and not making enough use of its influence to reduce carbon emissions.
As of March 31 the fund had coal mining assets worth 493 million crowns ($3.75 million), down from 805 million at the end of 2014. The fund owns assets worth 31 billion crowns in general mining, 109 billion in power production and 228 billion in oil and gas production...............................................Full Article: Source
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