| Norway’s sovereign-wealth fund, the world’s biggest, informed parliament on Monday it has exited most of its holdings in pure-play coal mining companies, as lawmakers of the Scandinavian nation debate whether to restrict or even ban it from investing in certain fossil-fuel industries.
Norges Bank Investment Management, which runs the fund under the supervision of Norway’s central bank, said it held 500 million Norwegian kroner ($65.79 million) in pure-play coal mining companies at the end of the first quarter, roughly one fifth of the 2.6 billion kroner it held as of late 2013...............................................Full Article: Source
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